Form 8-K - Current report
July 21 2023 - 4:30PM
Edgar (US Regulatory)
0001854963
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2023-07-21
2023-07-21
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2023-07-21
2023-07-21
0001854963
SHFS:RedeemableWarrantsEachWholeWarrantExercisableForOneShareOfClassCommonStockAtExercisePriceOf11.50PerShareMember
2023-07-21
2023-07-21
iso4217:USD
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xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): July 21, 2023
SHF
Holdings, Inc.
(Exact
name of registrant as specified in its charter)
Delaware
(State
or other jurisdiction of incorporation)
001-40524 |
|
90-2409612 |
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
1526
Cole Blvd., Suite 250
Golden,
Colorado 80401
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code (303) 431-3435
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
|
☐ |
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
|
|
☐ |
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
|
|
☐ |
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
|
|
☐ |
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class |
|
Trading
Symbol(s) |
|
Name
of Each Exchange on Which Registered |
Class A Common Stock, $0.0001 par value per share |
|
SHFS |
|
The Nasdaq Stock Market
LLC |
Redeemable Warrants, each whole warrant exercisable
for one share of Class A Common Stock at an exercise price of $11.50 per share |
|
SHFSW |
|
The Nasdaq Stock Market
LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Section
1 – Registrant’s Business and Operations
Item
1.02. Termination of a Material Definitive Agreement
On
July 20, 2023, SHF Holdings, Inc. (the “Company”) agreed to terminate the Master Services and Revenue Sharing Agreement with
Central Bank. Under the agreement, Company provided expertise and intellectual property that allowed Company and Central Bank to jointly
serve the deposit banking needs of cannabis related businesses primarily located in Arkansas.
The
agreement was originally executed by Rockview Digital Solutions, LLC, which was acquired by the Company in October 2022. The parties
have agreed that termination will be effective as of October 1, 2023, allowing for an orderly transition that will have minimal impact
on customer operations.
The
agreement, originally executed in 2018, was renewable on an annual basis and did not include any material early termination penalties.
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: July 21, 2023 |
By: |
/s/ Donnie
Emmi |
|
|
Chief Legal Officer |
v3.23.2
Cover
|
Jul. 21, 2023 |
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
Jul. 21, 2023
|
Entity File Number |
001-40524
|
Entity Registrant Name |
SHF
Holdings, Inc.
|
Entity Central Index Key |
0001854963
|
Entity Tax Identification Number |
90-2409612
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
1526
Cole Blvd.
|
Entity Address, Address Line Two |
Suite 250
|
Entity Address, City or Town |
Golden
|
Entity Address, State or Province |
CO
|
Entity Address, Postal Zip Code |
80401
|
City Area Code |
303
|
Local Phone Number |
431-3435
|
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|
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|
Class A Common Stock, $0.0001 par value per share |
|
Title of 12(b) Security |
Class A Common Stock, $0.0001 par value per share
|
Trading Symbol |
SHFS
|
Security Exchange Name |
NASDAQ
|
Redeemable Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share |
|
Title of 12(b) Security |
Redeemable Warrants, each whole warrant exercisable
for one share of Class A Common Stock at an exercise price of $11.50 per share
|
Trading Symbol |
SHFSW
|
Security Exchange Name |
NASDAQ
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