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SHF Holdings, Inc., d/b/a Safe Harbor Financial (Safe Harbor or the "Company") (NASDAQ:SHFS), a fintech leader in providing financial services and credit facilities to the regulated cannabis industry, announced that has regained compliance with The Nasdaq Stock Market ("Nasdaq"), Listing Rule 5550(b)(1) ("Rule 5550(b)(1)") that requires at least $2.5 million of shareholders' equity.
The Company completed a series of recapitalization transactions on September 30, 2025 that raised $6.8 million in new capital and eliminated $18.8 million of its debt. The Company is now essentially debt free and is now equipped with capital to execute on its growth strategy. The financing was led by certain accredited investors, with Company Management and members of the Board participating in the financing. The recapitalization provides substantial operational flexibility for management to execute on its strategic plan.
Since the Board selected Terry Mendez as its Chief Executive Officer in February 2025 to lead Safe Harbor's transformation, the Company has been focused on regaining Nasdaq listing compliance, addressing the Company's liquidity challenges, and positioning the Company for long-term strategic success. The Board of Directors and Executive Management have been restructured with a new strategic vision, more than $3 million in annualized run rate costs have been eliminated, and management has now secured the Company's ability to maintain its Nasdaq listing while significantly improving its liquidity position and capital structure.
Posted In: SHFS
