US LNG exports surge but will buyers in China turn up?
SHF Holdings, Inc. (NASDAQ: SHFS), a finance services company with a market capitalization of $6.21 million, is confronting the possibility of being delisted from The Nasdaq Stock Market LLC due to non-compliance with certain listing requirements. According to InvestingPro data, the company's stock has declined by 86% over the past year, with particularly steep losses of 48% in the past week alone. On April 1, 2025, the company received notification from Nasdaq that it had not met the minimum bid price requirement of $1.00 per share for its common stock over a period of 30 consecutive business days. The company was granted an additional 180 days to regain compliance, but as of March 31, 2025, it had failed to do so. InvestingPro analysis indicates the company's financial health score is rated as 'FAIR', with particularly concerning metrics in profitability and price momentum.
Consequently, unless SHF Holdings appeals by April 8, 2025, its common stock and warrants will be suspended from trading on April 10, 2025, followed by the filing of Form 25-NSE with the SEC, which will officially remove the company's securities from Nasdaq listing and registration.
Furthermore, on April 7, 2025, SHF Holdings was informed by Nasdaq that it did not comply with the minimum shareholders’ equity requirement of $2,500,000 for the year ended December 31, 2024. The company has been given 45 calendar days to submit a compliance plan to address this issue. If the plan is accepted, Nasdaq may allow up to 180 calendar days for the company to regain compliance.
Despite these challenges, SHF Holdings has received some positive news. From March 24 to April 4, 2025, the company's Class A common stock maintained a minimum closing bid price of at least $1.00 per share for 10 consecutive business days. This achievement has led Nasdaq to close the matter regarding the minimum bid price requirement.
The company intends to submit a compliance plan to Nasdaq in a timely manner to address the shareholders’ equity issue. However, there is no guarantee that Nasdaq will accept the plan or that SHF Holdings will be able to regain or maintain compliance with Nasdaq's listing requirements in the future.
This report is based on SHF Holdings, Inc.'s recent SEC filing and contains forward-looking statements that involve risks and uncertainties. The company's actual results may differ materially from those projected due to various factors. SHF Holdings has made no further comment on the potential implications of these developments.
In other recent news, SHF Holdings has announced a 1-for-20 reverse stock split for its Class A common stock, effective March 24, 2025. This decision, aimed at consolidating shares, was approved by the company's board and stockholders. The reverse stock split is intended to increase the per-share trading price, potentially improving marketability and liquidity. Additionally, SHF Holdings reported the upcoming departure of Tyler Beuerlein, the Chief Strategic Business Development Officer, effective March 17, 2025. The company stated that his resignation is not due to any disagreements with the company's operations or policies.
Furthermore, SHF Holdings, operating as Safe Harbor Financial, has renegotiated its debt terms with Partner Colorado Credit Union. The revised agreement includes a two-year interest-only period, expected to free up over $6 million in cash flow by deferring principal payments. Safe Harbor aims to finalize the debt modification within two months, enhancing liquidity by approximately $510,000. This strategic move is seen as an effort to strengthen the company's financial position and provide flexibility for future growth opportunities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.