Safe Harbor Financial announced that the conversion price of its Series B Convertible Preferred Stock and the exercise price of associated warrants have reverted to $1.5528 following the conclusion of a temporary reduction period on July 31, 2026. During the reduction period, holders converted 3,198 shares of Series B Preferred Stock into 4,920,005 shares of common stock, leaving 27,134 shares of Series B Preferred Stock and 12,332,955 shares of common stock outstanding. No Series B Warrants were exercised during the period. CEO Terrance Mendez stated the conversions simplify the capital structure and shift equity into shares counted in the market value of listed securities.
SHF Holdings IncSeries B conversion and warrant exercise price reset to $1.5528, simplifying capital structure but no direct impact on operations.