Key Highlights

  • Shares fell 17.10% to USD 0.0383 in pre-market trading on November 3, 2026.
  • The stock closed at USD 0.1158 on October 27, 2026, so the price is down about 66.9% since then (calculated).
  • A non-binding term sheet with Opifex Media was announced on October 26, 2026.
  • Preferred share conversions led to 23,914,988 new common shares being issued, according to a filing dated October 26, 2026.
  • Nasdaq extended the bid price compliance deadline to April 19, 2027.

Another leg lower for the shares (down USD 0.0079, 17.10%)

SHF Holdings (NASDAQ:SHFS) fell 17.10% to USD 0.0383 in pre-market trading on November 3, 2026. The move is measured against the November 2, 2026 close, which works out to roughly USD 0.0462 (calculated).

No company announcement dated November 2 or November 3 was identified. The stock also dropped sharply in the Monday session, so the pre-market decline continues a multi-day slide that began after the Merger term sheet.

What the company disclosed in late October

According to a company press release dated October 26, 2026, Opifex Media Inc., a media holding company, would combine with a Subsidiary of the company. Opifex holders would own 85% of the combined company before closing financing and an incentive reserve, a structure that would be treated as a reverse acquisition.

A separate filing dated the same day reported that preferred share conversions brought no cash to the company and resulted in 23,914,988 common shares being issued. Because the share count grew while the price was already low, the market may be pricing in further dilution.

Business background

SHF Holdings, which does Business as Safe Harbor, is a Colorado-based financial services company serving the cannabis industry with banking access, lending and related business services. The company has stated that it is not a bank and that partner institutions provide the banking services.

On October 20, 2026 the company said Nasdaq granted an additional 180 days, to April 19, 2027, to regain compliance with the USD 1.00 minimum bid price rule.

Dilution, compliance and deal risks

The term sheet is non-binding apart from items such as exclusivity and confidentiality, and the company said there is no assurance a definitive agreement will be signed. Closing would depend on due diligence, audited Opifex financials, stockholder and Nasdaq approvals and any needed financing.

At USD 0.0383 the stock trades roughly 96% below the USD 1.00 minimum bid (calculated). Penny stocks carry high volatility, thin Liquidity and dilution risk, and a Reverse Stock Split or further preferred conversions could change the share count materially.

What to watch next

The first date to track is the end of the valuation window described in the term sheet, expected in mid November 2026. The exclusivity period of 45 days from October 26 runs to about December 10, 2026 (calculated).

Other markers include any definitive merger agreement, further conversion notices, a reverse split proposal, and progress toward the April 19, 2027 compliance deadline.