SHF Holdings, Inc. SHFS (last ticker on record)
CIK 1854963Its SEC filings (opens in a new tab)
- 95% wipeout
- Restructuring
- Delisting notice (not a red flag)
- Restatement
These figures describe clients, not conduct. A lawyer or firm can serve many companies that later had trouble for reasons that have nothing to do with their work, and nothing here says any lawyer or firm did anything wrong.
- Red flags
- 3
- Newest began Aug 2025
- Largest fall in its shares
- 99%
- Sep 2022 to Nov 2026
- Law firms
- 6
- Linked to 5 or more companies
- Lawyers
- 5
- Linked to 5 or more companies
What happened
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K/A (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
- Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
- Shares down 95% from their high
- Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
- Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
An SEC release can name a company’s officer, or its stock as what a scheme sold or moved, so the company may be the victim. Each link goes to what to read.
Law firms
The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.
- Duane MorrisFirst linked Aug 2025 · Named in SEC correspondence · 413 linked companiesSEC/DOJ scrutiny 0.76× · Went dark 1.28× · 95% wipeout 1.06×
- Baker Botts L.L.P.First linked Oct 2024 · Named in SEC correspondence · 495 linked companiesSEC/DOJ scrutiny 1.32× · Went dark 0.09× · 95% wipeout 1.03×
- Fox Rothschild LLPFirst linked Dec 2023 · Named in a filing · 149 linked companiesSEC/DOJ scrutiny 0.92× · Went dark 1.38× · 95% wipeout 0.90×
- Loeb & Loeb LLPFirst linked Apr 2021 · Named in SEC correspondence · 838 linked companiesSEC/DOJ scrutiny 0.92× · Went dark 0.99× · 95% wipeout 1.10×
- Nelson MullinsFirst linked Apr 2021 · Named in SEC correspondence · 301 linked companiesSEC/DOJ scrutiny 0.50× · Went dark 0.48× · 95% wipeout 0.88×
- Clark HillFirst linked Apr 2022 · Text search only · 51 linked companiesSEC/DOJ scrutiny 1.57× · Went dark 0.00× · 95% wipeout 0.70×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Duane Morris | Aug 2025 | Named in SEC correspondence | 413 | 0.76 | 1.28 | 1.06 |
| Baker Botts L.L.P. | Oct 2024 | Named in SEC correspondence | 495 | 1.32 | 0.09 | 1.03 |
| Fox Rothschild LLP | Dec 2023 | Named in a filing | 149 | 0.92 | 1.38 | 0.90 |
| Loeb & Loeb LLP | Apr 2021 | Named in SEC correspondence | 838 | 0.92 | 0.99 | 1.10 |
| Nelson Mullins | Apr 2021 | Named in SEC correspondence | 301 | 0.50 | 0.48 | 0.88 |
| Clark Hill | Apr 2022 | Text search only | 51 | 1.57 | 0.00 | 0.70 |
Lawyers
The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.
- Michael D. SchwammDuane MorrisFirst linked Sep 2025 · Named in a filing · 8 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 2.07× · 95% wipeout 0.42×
- Justin A. SantarosaDuane MorrisFirst linked Aug 2025 · Named in SEC correspondence · 9 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 0.68×
- Marc J. AdessoWaller Lansden Dortch & DavisFirst linked Oct 2024 · Named in SEC correspondence · 8 linked companiesSEC/DOJ scrutiny 3.44× · Went dark 0.00× · 95% wipeout 0.83×
- Andrew M. TuckerNelson MullinsFirst linked Apr 2021 · Named in SEC correspondence · 60 linked companiesSEC/DOJ scrutiny 0.92× · Went dark 0.00× · 95% wipeout 1.18×
- Adam MarshallNelson MullinsFirst linked Jun 2021 · Text search only · 5 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 0.81×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Michael D. SchwammDuane Morris | Sep 2025 | Named in a filing | 8 | 0.00 | 2.07 | 0.42 |
| Justin A. SantarosaDuane Morris | Aug 2025 | Named in SEC correspondence | 9 | 0.00 | 0.00 | 0.68 |
| Marc J. AdessoWaller Lansden Dortch & Davis | Oct 2024 | Named in SEC correspondence | 8 | 3.44 | 0.00 | 0.83 |
| Andrew M. TuckerNelson Mullins | Apr 2021 | Named in SEC correspondence | 60 | 0.92 | 0.00 | 1.18 |
| Adam MarshallNelson Mullins | Jun 2021 | Text search only | 5 | 0.00 | 0.00 | 0.81 |