SHF Holdings Inc. has announced a regulatory issue concerning its financial statements for the first quarter of 2025. On August 13, 2025, the company's management and its Audit Committee determined that the unaudited consolidated financial statements for the three months ending March 31, 2025, should no longer be relied upon. The issue stems from an error in calculating stock-based compensation expenses, specifically due to incorrect inputs in the Black-Scholes option pricing model for determining the fair value of stock option awards. This error is expected to increase previously reported operating expenses and net loss by approximately $500,000. SHF Holdings is currently working on restating the affected financial statements and plans to file an amended Quarterly Report as soon as possible.
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