Form 8-K - Current report
18 Ottobre 2024 - 1:30PM
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2024-10-14
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2024-10-14
2024-10-14
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2024-10-14
2024-10-14
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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): October 14, 2024
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.
Item
2.04. Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
The
information set forth in Item 8.01 is incorporated by reference herein.
Item
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On
October 14, 2024, the independent directors of board of directors of SHF Holdings, Inc. (the “Company”) approved a paid administrative
leave of absence for Daniel Roda in his position as Chief Credit Officer of the Company pending an internal review to be conducted by
an independent committee of the board of directors of the Company.
Effective
as of October 15, 2024, Sundie Seefried, the Company’s Chief Executive Officer, assumed and has otherwise designated Mr. Roda’s
responsibilities during his paid administrative leave of absence. Mr. Roda’s compensation remains unchanged.
Item
8.01. Other Events.
As
reported on its Current Report on Form 8-K/A filed with the U.S. Securities and Exchange Commission (the “SEC”) on November
10, 2022, the Company entered into an Agreement and Plan of Merger (the “Original Agreement”) by and among the Company, SHF
Merger Sub I, a Delaware corporation and a direct wholly-owned subsidiary of Company (“Merger Sub I”), SHF Merger Sub II,
LLC, a Delaware limited liability company and a direct wholly-owned subsidiary of the Company (“Merger Sub II” and, together
with Merger Sub I, the “Merger Subs”), Rockview Digital Solutions, Inc., a Delaware corporation, d/b/a Abaca (“Abaca”)
and Dan Roda, solely in such individual’s capacity as the representative of Abaca’s stockholders (the “Stockholders’
Representative”).
As
reported on its Current report on Form 8-K filed with the SEC on November 15, 2022, the Company entered into an Amendment to the Merger
Agreement and Plan of Merger (the “First Amendment” and collectively with the Original Agreement, the “Merger Agreement”)
to that certain Agreement and Plan of Merger, dated as of October 29, 2022, by and among the Company, the Merger Subs, Abaca, and the
Stockholders’ Representative.
As
reported on its Current report on Form 8-K filed with the SEC on October 27, 2023, on October 26, 2023, the Company entered into: (1)
a Second Amendment to Agreement and Plan of Merger (the “Second Amendment”) with the Merger Subs, Abaca, and the Stockholders’
Representative, and (2) a Warrant Agreement with Continental Stock Transfer & Trust Company (solely as warrant agent to the Warrant
Agreement). In connection with the Merger Agreement and Second Amendment, the Company was to make a payment of $3,000,000 on October
5, 2024 (the “Second Anniversary Cash Payment”) to be distributed to the persons and in the amounts pursuant to the payment
schedule (the “Payment Schedule”) delivered by the Stockholders’ Representative to the Company pursuant to the terms
of the Merger Agreement and Second Amendment. The Company timely paid the 2022 and 2023 payments in the amount of $3,000,000 in accordance
with the terms of the Merger Agreement and Second Amendment.
To
address the current Second Anniversary Cash Payment due on October 5, 2024, on October 17, 2024 the Company caused a declaratory judgment
complaint to be filed in the District Court for the City and County of Denver, Colorado, captioned SHF Holdings, Inc. v. Daniel Roda,
Gregory W. Ellis, and James R. Carroll, Case No. 2024CV33187 (Denver Cty. Dist. Ct.).
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:
October 18, 2024 |
By: |
/s/
Sundie Seefried |
|
Name: |
Sundie
Seefried |
|
Title: |
Chief
Executive Officer |
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Cover
|
Oct. 14, 2024 |
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
Oct. 14, 2024
|
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
|
Written Communications |
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|
Pre-commencement Tender Offer |
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Pre-commencement Issuer Tender Offer |
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|
Entity Emerging Growth Company |
true
|
Elected Not To Use the Extended Transition Period |
false
|
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
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Security Exchange Name |
NASDAQ
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Grafico Azioni SHF (NASDAQ:SHFSW)
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Da Nov 2024 a Dic 2024
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