SHF Holdings, Inc.

Safe Harbor Financial reported its second quarter 2026 results, with revenue increasing 4.8% year-over-year to $1.9 million, driven by a 50.7% rise in loan program income. Average deposit balances grew 6.8% to $108.4 million. However, the company's net loss widened to $(1.5) million from $(0.9) million in the prior year, primarily due to increased general and administrative expenses and a non-cash deemed dividend. The company also highlighted strategic initiatives including the launch of a pooled employer retirement plan and an Infrastructure-as-a-Service model, alongside capital structure simplification.

SHF Holdings reported a net loss of $(3.29) million for the six months ended June 30, 2026, a significant increase from $(1.76) million in the prior year, despite a 3.5% rise in revenue to $3.91 million. The company explicitly disclosed substantial doubt about its ability to continue as a going concern, which management's current plans do not alleviate. While efforts to improve liquidity include a revised commercial alliance agreement and access to an Equity Line of Credit, the usability of the latter is uncertain.

SHF Holdings, Inc. entered into retention agreements with its Board members and key executives, including CEO/CFO Terrance Mendez, CMO Jeffrey Kay, and COO Michael Regan. These agreements provide Change in Control bonuses and salary increases during periods of insolvency. Separately, the company announced the conclusion of the temporary reduction in the conversion price of its Series B Preferred Stock and associated warrants, which reverted to $1.5528. During the reduction period, 3,198 Series B Preferred shares were converted into 4,920,005 common shares, simplifying the capital structure. Additionally, Douglas Beck's resignation as Principal Accounting Officer was delayed.

SHF Holdings, Inc. announced that its board of directors approved a Retention Plan and a Retention Agreement on July 29, 2026. This plan is designed for key employees and directors, offering a retention incentive in the event of a Change in Control, which would be a payment equal to a designated percentage of their base salary or annual Board fees. Additionally, it provides for an increase to their base salary or annual Board fees during a period of Insolvency, with payments contingent upon the execution of a general release of claims.

SHF Holdings, Inc. filed an S-1/A registration statement for the resale of 12,060,766 shares of Class A common stock by selling stockholders, primarily underlying Series B Warrants. The company announced a temporary voluntary reduction of the Series B Warrant exercise price to $0.65 per share until July 31, 2026, which could generate approximately $8.5 million if fully exercised. However, the filing highlights significant concerns, including substantial doubt about the company's ability to continue as a going concern due to recurring losses and negative cash flows, and an imminent Nasdaq delisting risk due to its stock price falling below $1.00 and a new rule requiring a minimum $5 million market capitalization.

SHF Holdings, Inc. filed an amended S-1 registration statement to register 21,517,377 shares of Class A common stock for resale by selling stockholders. These shares underlie Series B Warrants, for which the company has voluntarily reduced the exercise price to $0.65 per share until July 31, 2026, potentially generating $15.5 million if all are exercised. The company also disclosed a Nasdaq non-compliance notice regarding its stock price, recent board and executive management changes, and the launch of a new retirement plan product.

SHF Holdings, Inc. announced the appointment of Michael Regan as its new Chief Operating Officer and Secretary, effective July 15, 2026. The company stated there are no special arrangements or family relationships influencing his appointment. Mr. Regan's biographical and compensation details are referenced in a prior proxy statement, and his participation in a Series B Convertible Preferred Stock offering in September 2025 was also noted.

SHF Holdings, Inc. announced that Douglas Beck, its Principal Accounting Officer and Senior Vice President of Finance, Controller, will resign from his roles. The resignation is effective July 31, 2026. The company stated that Mr. Beck's departure is not a result of any disagreement regarding its operations, policies, or practices.

SHF Holdings, Inc., operating as Safe Harbor, announced the introduction of its Safe Harbor Institutional Infrastructure-as-a-Service (IaaS) operating model for cannabis banking. This new model will be unveiled at the Association for Cannabis Banking (ACB) eXperience Conference (CBX) on July 15-16, where Safe Harbor is the Official Cannabis Banking Solutions Sponsor. CEO and CFO Terry Mendez will lead discussions on operational execution and commercial lending strategies, emphasizing the need for robust infrastructure in the evolving cannabis banking sector.

SHF Holdings, Inc. filed an Amendment No. 1 to its S-1 registration statement to register 22,598,184 shares of Class A common stock for potential resale by selling stockholders. The company also announced a voluntary reduction in the exercise price of Series B Warrants and conversion price of Series B Preferred Stock to $0.65 per share until July 31, 2026. Other recent developments include a Nasdaq delisting notice, board changes, the launch of a 401(k) plan for cannabis businesses, and the acquisition of 420 IT Solutions.