Corporate ActionOct 30, 2026, 05:26 PM
SHF Holdings Issues 60.6M Shares on Preferred Stock Conversion
AI Summary
SHF Holdings, Inc. reported unregistered sales of equity securities. Between October 24 and October 30, 2026, the company issued 60,570,250 shares of Common Stock upon the conversion of 7,329 shares of Series B Convertible Preferred Stock. This conversion, at a price of $0.1210 per share, resulted in the total number of issued and outstanding shares of Common Stock increasing significantly. The company stated these issuances were exempt from registration requirements under the Securities Act.
Key Highlights
- SHF Holdings, Inc. issued 60,570,250 shares of Common Stock upon conversion of 7,329 shares of Series B Preferred Stock.
- The conversion occurred between October 24, 2026, and October 30, 2026.
- The conversion price was $0.1210 per share.
- As of October 30, 2026, the total outstanding shares of Common Stock reached 85,512,985.
- The issuances were exempt from registration under Section 3(a)(9) of the Securities Act of 1933.
Price Impact
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