Key Highlights

  • SHF Holdings (NASDAQ:SHFS) traded at USD 0.0339, down 18.51% intraday on November 4, 2026, after a pre-market decline of 13.94% that morning.
  • Series B conversions added 23,914,988 common shares between July 1 and October 23, 2026, lifting common shares outstanding to 24,942,735 as of October 23, 2026.
  • Nasdaq granted an extra 180 days, to April 19, 2027, for the company to restore a USD 1.00 minimum closing bid, which the shares trade about 97% below.
  • A non-binding term sheet signed on October 26, 2026 would give Opifex Media holders 85% of the combined company, with Safe Harbor holders keeping about 15%.

What Moved SHF Holdings During Trading (down USD 0.0077, 18.51%)

SHF Holdings (NASDAQ:SHFS) was down 18.51%, or USD 0.0077, at USD 0.0339 in intraday trading on November 4, 2026, which implies a prior close of about USD 0.0416 (calculated). Intraday Volume was about 24.42 million shares, and the company Market Value shown on the screener was about USD 2.9 million. No company announcement dated November 2 to November 4, 2026 was identified, so the decline appears trading driven. The most recent filings found were dated October 20 and October 26, 2026, so selling pressure seems tied to ongoing dilution and uncertainty about the proposed combination, not a new headline.

Preferred Conversions and the Share Count

Per a regulatory filing dated October 26, 2026, the company issued 23,914,988 common shares from July 1 to October 23, 2026 on conversion of 6,545 Series B preferred shares, at an average of USD 0.2737 and a range of USD 0.1210 to USD 1.4053. It received no additional consideration. When convertible preferred is exchanged at a floating price, a lower share price means more shares per preferred share, which pushes the price lower and invites further conversions. Common shares outstanding were 24,942,735 as of October 23, 2026. Holders of newly Issued Shares may sell, which adds supply. The company also has an Equity line with CREO Investments for up to USD 150 million, subject to conditions.

The Opifex Term Sheet, Nasdaq Deadline and Risks

The company, which does Business as Safe Harbor Financial, provides compliance-focused banking services to the cannabis industry. On October 26, 2026 it announced a non-binding term sheet to combine with Opifex Media, a creator economy company, valued at no less than USD 50 million, with Opifex holders owning 85%. Closing needs diligence, a fairness opinion, Series B consent, stockholder approval and Nasdaq approval. Nasdaq extended the bid price deadline on October 20, 2026 to April 19, 2027, and the term sheet notes a reverse split may be sought. At this price a small number of trades can move the quote, spreads can be wide and quoted moves can reverse.

Where Things Stand

SHF Holdings (NASDAQ:SHFS) is down 18.51% because dilution pressure and deal uncertainty continue, not because of a new announcement; no company announcement dated November 2 to November 4, 2026 was identified. The share count has expanded through Series B conversions, the shares sit far under the USD 1.00 Nasdaq threshold, and the Opifex transaction is non-binding. Exclusivity runs about 45 days from October 26, 2026, so a definitive agreement or a reverse split proposal could be the next marker. The move should not be read as a signal of direction.