SHF Holdings, Inc. reported second quarter 2026 financial results with total revenue of approximately $1.9 million, a 4.8% increase year over year, driven by loan program income growth of 50.7%. Average deposit balances rose 6.8% to $108.4 million, while net loss widened to $(1.5) million from $(0.9) million in the prior year period. The increased loss was primarily due to a $1.0 million non-cash deemed dividend associated with induced conversions of Series B Convertible Preferred Stock and higher general and administrative expenses. Additionally, 3,198 shares of Series B Convertible Preferred Stock were converted into approximately 4.92 million common shares as the conversion price reverted to $1.5528 on July 31, 2026. The company operates in the financial technology sector, providing banking, lending, and compliance services specifically tailored for the regulated cannabis industry.

SHF Holdings, Inc.'s board approved a retention plan for key employees and directors on July 29, 2026. The plan provides retention incentives tied to base salary or Board fees in the event of a Change in Control or during periods of Insolvency. Payments are conditioned upon the execution of a general release of claims against the Company. This administrative governance update does not materially impact investor value.

On July 15, 2026, SHF Holdings, Inc. appointed Michael Regan as Chief Operating Officer and Secretary. Mr. Regan previously participated in the company's Series B Convertible Preferred Stock offering on September 30, 2025. The company operates in the logistics and transportation industry, providing specialized shipping and freight services.