On October 6, 2026, SHF Holdings, Inc., operating under the name Safe Harbor, announced preliminary deposit information for the third quarter ending September 30, 2026. This report is significant as it emphasizes the company's commitment to transparency in its financial operations.
SHF Holdings, Inc. is classified under the SIC code 6199, which pertains to finance services. The company trades on the Nasdaq under the ticker symbols SHFS and SHFSW. Previously known as Northern Lights Acquisition Corp., SHF Holdings has been making strides to establish itself in the finance sector.
The filing indicates that the preliminary deposit metrics are based on information available as of the report date and have not been audited. The company noted, "The deposit metrics described... are not deposits of the Company, are not recorded as assets or liabilities on the Company’s consolidated balance sheet, and are not a measure of the Company’s revenue or financial performance." This statement highlights the nature of the information being shared, which is intended to provide insight into client deposits held at partner financial institutions.
This update may affect stakeholders, including clients and investors, as it sets a benchmark for transparency in financial reporting within the finance services industry. Other companies in this sector may feel compelled to enhance their disclosure practices in response.
The filing does not specify what actions will follow this announcement, leaving room for speculation about future developments.