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Noticias de SHFS
Eventos de SHFS
Safe Harbor Signs Term Sheet for Business Combination with Opifex
SHF Holdings announced that it has signed a non-binding term sheet with Opifex Media for a proposed business combination in which Opifex would become a wholly owned subsidiary of Safe Harbor. Following the closing, the combined company would remain listed on Nasdaq under a new name to be determined. The proposed transaction is intended to create a public holding company with two distinct primary businesses, each pursuing its own growth strategy. Opifex would bring a portfolio of creator-economy businesses across publishing, music and video. Safe Harbor would continue to operate its cannabis-focused fintech platform and serve its clients and financial institution partners without interruption. For stockholders, the proposed transaction is designed to add a new growth platform, support Safe Harbor's plan to maintain its Nasdaq listing, and create the opportunity for long-term value. Opifex would merge with a newly formed, wholly owned subsidiary of Safe Harbor, and Opifex security holders would receive newly issued shares of Safe Harbor's common stock, or, if the parties agree after consulting with Nasdaq, a combination of common stock and non-voting convertible preferred stock. The Proposed Transaction is expected to be accounted for as a reverse acquisition. At closing, Opifex security holders would own 85% and Safe Harbor's existing stakeholders would own 15% of the combined company on a fully diluted basis, before any capital raised at closing and any equity incentive plan reserve. However, the Safe Harbor allocation described above may be adjusted within a range of 12.5% to 17.5% to reflect Safe Harbor's valuation at closing, as supported by an independent fairness opinion. Opifex will deliver a proposed valuation, together with its financial statements and supporting analysis, within 15 business days. The term sheet contemplates an Opifex valuation of not less than $50M, subject to an independent valuation and fairness opinion delivered to Safe Harbor's board of directors. The parties intend to negotiate a contingent value right for Safe Harbor's existing stakeholders relating to Safe Harbor's cannabis financial services business as part of the definitive agreements. Safe Harbor does not intend to draw on its existing equity line of credit with CREO Capital until the closing of the proposed transaction. The parties intend to negotiate a definitive agreement and to close the proposed transaction before April 19, 2027. Closing would be subject to, among other things, the negotiation of a definitive agreement, satisfactory due diligence findings by both parties, the required consents and agreements with holders of the Series B Securities, the completion of Opifex's audited financial statements, an independent valuation and fairness opinion, Safe Harbor stockholder approval, Nasdaq approval, completion of any required financing and other customary conditions. The term sheet includes a 45-day exclusivity period.
SHF Holdings Inc Trading Halted, News Pending
SHF Holdings Inc trading halted, news pending
SHF Holdings Approves 1-for-12 Reverse Stock Split
SHF Holdings announced that its Board of Directors has approved a reverse stock split of the Company's common stock, par value $0.0001 per share, at a ratio of 1-for-12. The Reverse Stock Split was approved by stockholders at a special meeting of the Company's stockholders held on November 6, 2025, and is expected to become effective on September 30, 2026.
SHF Holdings Files to Sell 10.54M Shares of Class A Common Stock
SHF Holdings files to sell 10.54M shares of Class A common stock for holders
SHF Holdings Files to Sell 22.6M Shares of Class A Common Stock
SHF Holdings files to sell 22.6M shares of Class A common stock for holders
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