SHF Holdings, Inc., doing business as Safe Harbor Financial, announced on September 28, 2026, that its board of directors has approved a reverse stock split of the company’s common stock. The split is set at a ratio of 1-for-12, meaning every twelve shares of common stock will be automatically combined into one share.
The reverse stock split was previously approved by stockholders during a special meeting held on November 6, 2025. The transaction is expected to become effective at 12:01 a.m. Eastern Time on September 30, 2026. Following the split, the company’s common stock is projected to begin trading on the Nasdaq Stock Market LLC on a split-adjusted basis under the existing ticker symbol "SHFS". A new CUSIP number, 824430 409, has been assigned to the stock.
Under the terms of the split, no fractional shares will be issued. Stockholders who would otherwise be entitled to receive fractional shares will instead receive a number of shares rounded up to the nearest whole share. The company operates as a fintech platform serving the banking, lending, and financial services needs of the regulated cannabis and hemp industries.
