SHF Holdings Faces Delisting Concerns
Ticker: SHFSW · Form: 8-K · Filed: Oct 4, 2024 · CIK: 1854963
| Field | Detail |
|---|---|
| Company | Shf Holdings, Inc. (SHFSW) |
| Form Type | 8-K |
| Filed Date | Oct 4, 2024 |
| Risk Level | high |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001, $11.50, $1.00 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, compliance, exchange-rule
Related Tickers: SHFS
TL;DR
SHF Holdings might get delisted - big trouble ahead.
AI Summary
SHF Holdings, Inc. filed an 8-K on October 4, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule. The company, formerly known as Northern Lights Acquisition Corp., is incorporated in Delaware and its fiscal year ends on December 31st. The filing indicates a potential issue with its continued listing on the stock exchange.
Why It Matters
This filing signals potential financial distress or non-compliance with exchange rules, which could lead to significant stock price volatility and investor uncertainty.
Risk Assessment
Risk Level: high — A notice of delisting directly threatens the company's ability to trade on a major exchange, posing a severe risk to its operations and shareholder value.
Key Numbers
- 001-40524 — Commission File Number (Identifies the company's filing with the SEC)
- 90-2409612 — IRS Employer Identification No. (Company's tax identification number)
Key Players & Entities
- SHF Holdings, Inc. (company) — Registrant
- Northern Lights Acquisition Corp. (company) — Former company name
- October 3, 2024 (date) — Date of earliest event reported
- October 4, 2024 (date) — Date of report
- Delaware (jurisdiction) — State of incorporation
FAQ
What specific listing rule has SHF Holdings, Inc. failed to satisfy?
The filing does not specify the exact listing rule that SHF Holdings, Inc. has failed to satisfy, only that a notice of delisting or failure to satisfy a continued listing rule has been issued.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is October 3, 2024.
What was SHF Holdings, Inc. formerly known as?
SHF Holdings, Inc. was formerly known as Northern Lights Acquisition Corp.
In which state is SHF Holdings, Inc. incorporated?
SHF Holdings, Inc. is incorporated in Delaware.
What is the business address of SHF Holdings, Inc.?
The business address of SHF Holdings, Inc. is 1526 Cole Blvd., Suite 250, Golden, CO 80401.
Filing Stats: 1,309 words · 5 min read · ~4 pages · Grade level 15.6 · Accepted 2024-10-04 17:25:18
Key Financial Figures
- $0.0001 — hich Registered Class A Common Stock, $0.0001 par value per share SHFS The Nasdaq
- $11.50 — A Common Stock at an exercise price of $11.50 per share SHFSW The Nasdaq Stock Ma
- $1.00 — a)(2), requiring a minimum bid price of $1.00 per share (the "Minimum Bid Price Requi
Filing Documents
- form8-k.htm (8-K) — 47KB
- 0001493152-24-039571.txt ( ) — 272KB
- shfs-20241003.xsd (EX-101.SCH) — 4KB
- shfs-20241003_def.xml (EX-101.DEF) — 30KB
- shfs-20241003_lab.xml (EX-101.LAB) — 36KB
- shfs-20241003_pre.xml (EX-101.PRE) — 27KB
- form8-k_htm.xml (XML) — 6KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SHF HOLDINGS, INC. Date: October 4, 2024 By: /s/ Donnie Emmi Chief Legal Officer