SHF Holdings Inc. Announces $28.8 Million Private Placement of Series B Convertible Preferred Stock and Warrants
SHF Holdings Inc. has announced a private placement agreement with a group of investors, resulting in the issuance and sale of 31,052 shares of Series B Convertible Preferred Stock and warrants to acquire up to 1,999,544 shares of Class A common stock. The warrants carry an exercise price of $7.7644 per share and become exercisable six months and one day after issuance, expiring three years later. The Series B Preferred Stock is immediately convertible at the same price. The transaction raised approximately $28.8 million, providing around $6.3 million in additional cash to the company. Certain members of management and the board participated as buyers, with the issuance of underlying shares to these insiders subject to stockholder approval. The company has also agreed to register the underlying common shares for resale.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SHF Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-016886), on October 03, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.