SHF Holdings, Inc 8-K, filed Nov 15, 2022
SHF Holdings, Inc. (SHFS)
About this 8-K
SHF Holdings, Inc filed this 8-K on November 15, 2022, reporting on events of November 8, 2022.
Items reported
- Item 4.01: Change of auditor
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 4.01. Changes in Registrant’s Certifying Accountant.
Dismissal and appointment of independent registered public accounting firm
On November 8, 2022, the Audit Committee of the board of directors (the “Audit Committee”) of SHF Holdings, Inc. (the “Company”), dismissed Marcum LLP (“Marcum”) as the Company’s independent registered public accounting firm, effective as of November 14, 2022, following the filing of the Company’s Form 10-Q for the quarter ended September 30, 2022.
Marcum’s report on the Company’s financial statements as of December 31, 2021 and for the period from February 26, 2021 (inception) through December 31, 2021, did not contain an adverse opinion or a disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope or accounting principles.
During the period from February 26, 2021 (inception) through December 31, 2021 and the subsequent interim period through November 14, 2022, there were no disagreements between the Company and Marcum on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Marcum, would have caused it to make reference to the subject matter of the disagreements in connection with its report. During the period from February 26, 2021 (inception) through December 31, 2021 and the subsequent interim period through November 14, 2022, there were no “reportable events” (as defined in Item 304(a)(1)(v) of Regulation S-K under the Securities Exchange Act of 1934, as amended).
The Company delivered a copy of this Current Report on Form 8-K to Marcum on November 15, 2022 and requested a letter addressed to the SEC stating whether or not it agrees with the statements made in response to this Item and, if not, stating the respects in which it does not agree. The Company will file the response letter of Marcum as Exhibit 16.1 by amendment to this Current Report on Form 8-K.
On November 8, 2022, the Audit Committee approved the engagement of Elliott Davis, PLLC (“Elliot Davis”) as the Company’s independent registered public accounting firm, effective November 14, 2022, to audit the Company’s consolidated financial statements for the year ending December 31, 2022. During the period from February 26, 2021 (inception) through December 31, 2021 and subsequent interim period through November 14, 2022, neither the Company nor anyone on the Company’s behalf consulted with Elliott Davis with respect to (i) the application of accounting principles to a specified transaction, either completed or proposed or the type of audit opinion that might be rendered on the Company’s financial statements, and neither a written report or oral advice was provided that Elliott Davis concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing, or financial reporting issue, or (ii) any other matter that was either the subject of a disagreement or a reportable event (each as defined above), except that Elliot Davis served as the independent registered public accounting firm for Eagle Legacy Services, PLLC (d/b/a Safe Harbor Services, SHF, LLC and Branches 52 and 53) as of December 31, 2021 and 2020 and for each of the two years in the period ended December 31, 2021. On September 28, 2022, the Company (formerly known as Northern Lights Acquisition Corp.) consummated the business combination with SHF, LLC. In connection with the business combination, the Company changed its name to SHF Holdings, Inc.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SHF HOLDINGS, INC. | ||
| Date: | November 15, 2022 | |
| By: | /s/ Donnie Emmi | |
| Name: | Donnie Emmi | |
| Title: | Chief Legal Officer | |