SHF Holdings, Inc. Files 8-K with Key Agreements

TL;DR

SHF Holdings filed an 8-K on 12/31/24 covering material agreements and financials.

AI Summary

On December 31, 2024, SHF Holdings, Inc. filed an 8-K report detailing a material definitive agreement, other events, and financial statements. The company, formerly known as Northern Lights Acquisition Corp., is incorporated in Delaware and operates in the finance services sector. The filing includes information on its Class Common Stock and Redeemable Warrants.

Why It Matters

This 8-K filing provides crucial updates on SHF Holdings' material agreements and financial status, impacting investor understanding of the company's current operational and financial standing.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of material agreements and financial information, not indicating any immediate operational or financial distress.

Key Numbers

• 0.0001 — Par Value Per Share (Class Common Stock)
• 11.50 — Exercise Price (Redeemable Warrants)

Key Players & Entities

• SHF Holdings, Inc. (company) — Registrant
• Northern Lights Acquisition Corp. (company) — Former company name
• December 31, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• 1526 Cole Blvd. (address) — Business address

FAQ

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
• $25.32 — rovided for servicing fees ranging from $25.32 to $50.00 per account relationship per
• $50.00 — r servicing fees ranging from $25.32 to $50.00 per account relationship per month on a
• $5.1 million — rned by the Original CAA) accounted for $5.1 million and $5.6 million of the total $8.6 mill
• $5.6 million — nal CAA) accounted for $5.1 million and $5.6 million of the total $8.6 million and $6.1 mill
• $8.6 million — 1 million and $5.6 million of the total $8.6 million and $6.1 million in revenue generated f
• $6.1 million — 6 million of the total $8.6 million and $6.1 million in revenue generated from deposits, act
• $3.1 million — rned by the Original CAA) accounted for $3.1 million of the total $3.5 million in revenue ge
• $3.5 million — accounted for $3.1 million of the total $3.5 million in revenue generated in that period fro

Filing Documents

• form8-k.htm (8-K) — 47KB
• ex10-1.htm (EX-10.1) — 9KB
• ex10-1_001.jpg (GRAPHIC) — 549KB
• ex10-1_002.jpg (GRAPHIC) — 708KB
• ex10-1_003.jpg (GRAPHIC) — 625KB
• ex10-1_004.jpg (GRAPHIC) — 695KB
• ex10-1_005.jpg (GRAPHIC) — 676KB
• ex10-1_006.jpg (GRAPHIC) — 663KB
• ex10-1_007.jpg (GRAPHIC) — 797KB
• ex10-1_008.jpg (GRAPHIC) — 686KB
• ex10-1_009.jpg (GRAPHIC) — 693KB
• ex10-1_0010.jpg (GRAPHIC) — 721KB
• ex10-1_0011.jpg (GRAPHIC) — 528KB
• 0001493152-25-001242.txt ( ) — 10391KB
• shfs-20241231.xsd (EX-101.SCH) — 4KB
• shfs-20241231_def.xml (EX-101.DEF) — 30KB
• shfs-20241231_lab.xml (EX-101.LAB) — 36KB
• shfs-20241231_pre.xml (EX-101.PRE) — 27KB
• form8-k_htm.xml (XML) — 6KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On March 29, 2023, SHF Holdings, Inc. (the "Company") entered into a Commercial Alliance Agreement (the "Original CAA") with Partner Colorado Credit Union ("PCCU"), which sets forth the terms and conditions of the lending-related and account-related services governing the relationship between the Company and PCCU. For the loans subject to the Original CAA, the Company performs a significant portion of the underwriting activities for each loan, including all compliance analysis, credit analysis of the potential borrower, due diligence, and administration, including hiring and incurring the costs of all related personnel or third-party vendors necessary to perform these services. The Company receives all interest income on such loans, minus a monthly fee at an annual rate of 0.25% of the then-outstanding principal balance of each loan (0.35% for loans funded and serviced by PCCU) (the "Original Revenue Calculation"). In addition, the Original CAA provided for servicing fees ranging from $25.32 to $50.00 per account relationship per month on all accounts generated by the Company as well as a split of income earned on deposit balances of those accounts, whereby the Company paid 25% of that income to PCCU and retained 75% of the income. The Original CAA was set to expire on March 29, 2025, which could be automatically renewed for additional one-year terms unless a party provided 120 days' notice of non-renewal or there was a termination for cause. On December 30, 2024, the Company and PCCU entered into that certain Amended and Restated Commercial Alliance Agreement (the "Amended CAA"), extending the term set forth in the Original CAA through and including December 31, 2028, with an automatic renewal for subsequent periods of two years each, unless notice of non-renewal is provided no later than twelve (12) calendar months prior to the expiration of the then-current term. In addition, the Amended CAA eliminates th

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. Exhibit No. Description of Exhibit 10.1 Amended and Restated Commercial Alliance Agreement, dated December 30, 2024, between the Company and Partner Colorado Credit Union 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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: January 7, 2025 By: /s/ Donnie Emmi Chief Legal Officer

View Full Filing

View this 8-K filing on SEC EDGAR