SHFS on Nasdaq

SHF Holdings, Inc.

American finance services company based in Arvada, incorporated in Delaware. Summary from the record

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Last updated Oct 19, 2026.

Overview

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  • TickerSHFS on Nasdaq2
  • IndustryFinance Services2
  • HeadquartersWilmington, United States2
  • Incorporated inDE3
  • Business address1526 Cole Blvd., Suite 250, Golden, Co 804013
  • Filer category, Emerging growth company3
  • Legal formCorporation2
  • LEI549300CNNOYQ6KS8FG312
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 76379182

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-70.4%Operating margin4
-28.2%Net margin4
-49.7%Revenue growth, 20254
-26.2%Return on equity4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs99¢$7.6M
  • Income tax1¢$58.5K

Out of $7.7M in revenue.4 The company lost money this year.

Financial statements

Revenue5674$7.7M in 2025+10% since 2021
0$5.0M$10.0M$15.0M$20.0M2021: $7.0M$7.0M20212022: $9.5M$9.5M2022+35%2023: $17.6M$17.6M2023+85%2024: $15.2M$15.2M2024−13%2025: $7.7M$7.7M2025−50%
Operating income5674-$5.4M in 2025
-$30.0M-$20.0M-$10.0M0$10.0M2021: $3.3M$3.3M20212022: -$2.2M-$2.2M20222023: -$20.7M-$20.7M2023+843%2024: -$7.1M-$7.1M2024−66%2025: -$5.4M-$5.4M2025−24%
Net income5674-$2.2M in 2025
-$60.0M-$40.0M-$20.0M0$20.0M2021: $3.3M$3.3M20212022: -$35.1M-$35.1M20222023: -$17.3M-$17.3M2023−51%2024: -$48.3M-$48.3M2024+180%2025: -$2.2M-$2.2M2025−96%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Revenue$7.7M$15.2M
Compensation and employee benefits$6.3M$7.8M
General and administrative expenses$3.3M$4.0M
Professional services$3.3M$2.5M
Lease expense$232.8K$258.5K
Amortization of contract asset$129.1K
Credit loss (benefit) expense-$177.9K-$1.4M
Impairment of goodwill$6.1M
Impairment of long-lived intangible assets$3.1M
Total operating expenses$13.1M$22.3M
Operating loss-$5.4M-$7.1M
Interest expense-$492.6K-$533.4K
Change in fair value of warrant liabilities$1.3M$2.8M
Gain on extinguishment of forward purchase derivative$3.3M
Costs incurred to secure financing-$987.6K
Discount on common stock sold pursuant to the ELOC-$76.6K
Change in the fair value of deferred consideration$79.5K$361.4K
Total other income$3.2M$2.6M
Net loss before provision (benefit) for income taxes-$2.2M-$4.5M
Provision (benefit) for income taxes-$58.5K$43.9M
Net loss-$2.2M-$48.3M
Deemed dividend on Series B Preferred Stock redemption-$241.4K
Net loss attributable to common stockholders-$2.4M-$48.3M
Weighted average shares outstanding, basic2.9M shares2.8M shares
Weighted average shares outstanding, diluted2.9M shares2.8M shares
Basic net loss per share-$0.82-$17.43
Diluted net loss per share-$0.82-$17.43

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Leadership

Who has led SHF Holdings, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. John Darwin2021
  2. Joshua Mann2021
  3. Sundie Seefried2022–2025
  4. Terrance Elliot Mendez2025–now

Chief financial officer

  1. Chris Fameree2021
  2. Jim Dennedy2022–2023
  3. Terrance Elliot Mendez2025–now

Chief operating officer

  1. Dan Roda2023
2025
Board members and other officers (17)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Offering made in connection with the acquisition of Rockview Digital Solutions, Inc, d/b/a Abaca ("Abaca"), as further described in the Form 8-Ks filed by the Issuer on October 31, 2022, as amended on November 10, 2022, and November 16, 2022.Jonathan Summers named Oct 13, 2022 to Nov 23, 202232

Subsidiaries and ownership

Parent company (GLEIF)

Ultimate parent

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Former names

  • Northern Lights Acquisition Corp.Apr 22, 2021 to Sep 28, 20223

Timeline

  1. Feb 14, 2025New chief executive Terrance Elliot Mendez becomes CEO10
  2. Oct 7, 2022New chief executive Sundie Seefried becomes CEO11
  3. Jun 23, 2021New chief executive John Darwin becomes CEO12
  4. Jun 23, 2021New chief executive Joshua Mann becomes CEO13
  5. Jan 5, 2021Parent Directly consolidated by SPECIALTY COMPONENT ENTERPRISES, INC.2
  6. Dec 17, 2019Founded SHF Holdings, Inc. is founded2

Filings

336 filings to the SEC since October 2021: 6 annual reports, 16 quarterly reports, 123 major events, 74 insider forms, 35 large holders, 2 private raises, 80 other. The latest 20:

  1. Oct 6, 20268-K EDGAR
  2. Oct 1, 20268-K EDGAR
  3. Sep 28, 20268-K EDGAR
  4. Aug 19, 20268-K EDGAR
  5. Aug 11, 2026424B7 EDGAR
  6. Aug 11, 2026SCHEDULE 13G/A EDGAR
  7. Aug 10, 2026EFFECT EDGAR
  8. Aug 10, 20268-K EDGAR
  9. Aug 7, 202610-Q EDGAR
  10. Aug 5, 20268-K EDGAR
  11. Aug 4, 20268-K EDGAR
  12. Jul 31, 2026S-1 EDGAR
  13. Jul 31, 2026S-1/A EDGAR
  14. Jul 16, 2026S-1/A EDGAR
  15. Jul 16, 20268-K EDGAR
  16. Jul 13, 20268-K EDGAR
  17. Jun 24, 20268-K EDGAR
  18. Jun 4, 2026S-1/A EDGAR
  19. May 28, 2026DEFA14A EDGAR
  20. May 18, 20268-K EDGAR

The 336 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

44 open-market trades by officers, directors and large owners since October 2021: 43 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 14, 2023Seefried SundieDirectorBuy24,700$0.93$23.0KForm 4
Dec 14, 2023Seefried SundieDirectorBuy24,700$0.96$23.7KForm 4
Dec 14, 2023Fagan DougDirectorBuy15,000$0.97$14.6KForm 4
Dec 11, 2023Seefried SundieDirectorBuy5,200$0.94$4.9KForm 4
Dec 11, 2023Roda DanEVP & Chief Operating OfficerBuy1,000$1.00$1.0KForm 4
Dec 11, 2023Niehaus JonathonDirectorBuy10,000$0.94$9.4KForm 4
Dec 11, 2023Summers JonathanDirectorBuy3,000$0.95$2.9KForm 4
Dec 11, 2023Seefried SundieDirectorBuy5,200$0.94$4.9KForm 4
Dec 8, 2023Seefried SundieDirectorBuy3,700$0.99$3.7KForm 4
Dec 8, 2023Summers JonathanDirectorBuy5,000$0.93$4.7KForm 4
Dec 8, 2023Emmi DonaldChief Legal OfficerBuy7,500$1.00$7.5KForm 4
Dec 8, 2023Seefried SundieDirectorBuy3,700$0.99$3.7KForm 4
Dec 7, 2023Seefried SundieDirectorBuy27,100$0.96$26.0KForm 4
Dec 5, 2023Seefried SundieDirectorBuy21,900$0.88$19.3KForm 4
Dec 5, 2023Niehaus JonathonDirectorBuy5,000$0.75$3.8KForm 4
Dec 5, 2023Emmi DonaldChief Legal OfficerBuy66,000$0.87$57.4KForm 4
Dec 5, 2023Seefried SundieDirectorBuy20,000$0.88$17.6KForm 4
Dec 4, 2023Seefried SundieDirectorBuy26,342$0.79$20.8KForm 4
Dec 4, 2023Seefried SundieDirectorBuy9,500$0.82$7.8KForm 4
Dec 1, 2023Seefried SundieDirectorBuy2,239$0.75$1.7KForm 4

All 44 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Nov 15, 2022Raised $8.4 million in a private offering of equity Form D: $21 million offered in all Form D
  2. Sep 28, 2022Raised $20.4 million in a private offering of equity Form D: 19 investors so far Form D

Sources

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