GOLDEN, Colo.— Safe Harbor Financial Services said it has received a Nasdaq notice warning that its shares have fallen out of compliance with the exchange’s minimum bid-price requirement, putting the cannabis-focused fintech at risk of a future delisting if it cannot lift its stock price back above the threshold, according to Stock Titan.
In an April 24 Form 8-K, SHF Holdings, which trades as Safe Harbor Financial under ticker SHFS, said Nasdaq notified the company on April 22 that its Class A common stock had closed below $1 per share for 30 consecutive business days, triggering a deficiency under Nasdaq Marketplace Rule 5550(a)(2).
Safe Harbor said the notice does not immediately affect the listing of either its common stock or warrants, which continue trading on Nasdaq under the symbols SHFS and SHFSW. Under Nasdaq rules, the company now has a 180-calendar-day compliance period through Oct. 19, 2026 to regain compliance by maintaining a closing bid price of at least $1 for a minimum of 10 consecutive business days. If it fails to do so, the company said it may be eligible for a second 180-day extension; if not, Nasdaq staff could then issue a delisting determination that Safe Harbor would have the right to appeal to a Hearings Panel.
The disclosure marks a renewed listing challenge for Safe Harbor after the company said in November 2025 that it had regained compliance with Nasdaq’s separate minimum shareholders’ equity requirement following a recapitalization that raised $6.8 million in new capital and eliminated most of its debt. That earlier fix addressed compliance with Listing Rule 5550(b)(1), not the current bid-price deficiency, underscoring that Safe Harbor has now moved from a balance-sheet listing issue to a market-price problem, according to Global Newswire.
The Nasdaq warning arrived in the same 8-K that disclosed fresh legal trouble tied to Safe Harbor’s 2022 Abaca acquisition, with a Colorado court denying the company’s summary-judgment motion and finding a breach on part of the merger dispute, leaving damages to be determined later. Safe Harbor said it intends to monitor its share price and consider “other available options” to cure the deficiency, language that often signals companies may weigh moves such as a reverse stock split if the stock fails to recover organically. American Banker reported last year that Safe Harbor had already pursued a reverse split as it fought an earlier Nasdaq listing issue.
Safe Harbor also reported board changes: director Sundie Seefried resigned and Tyler Klimas and Sean Tonner were appointed, with the board size increasing from five to six seats, Stock Titan added.