Item 5. Market for Registrant’s Common Equity
Item
5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUERS PURCHASES OF EQUITY SECURITIES
Market
Information
Our
Class A Common Stock and Public Warrants are currently listed on NASDAQ under the symbols “SHFS” and “SHFS,”
respectively. Prior to the consummation of the Business Combination, the Company’s units, common stock and warrants were listed
on NASDAQ under the symbols “NLITU,” “NLIT,” and “NLITW” respectively.
Dividend
Policy
We
have not paid any cash dividends on our Class A Common Stock to date. We may retain future earnings, if any, for future operations, expansion
and debt repayment and has no current plans to pay cash dividends for the foreseeable future. Any decision to declare and pay dividends
in the future will be made at the discretion of the Board and will depend on, among other things, our results of operations, financial
condition, cash requirements, contractual restrictions and other factors that the Board may deem relevant. In addition, our ability to
pay dividends may be limited by covenants of any existing and future outstanding indebtedness we or our subsidiaries incur. We do not
anticipate declaring any cash dividends to holders of the Class A Common Stock in the foreseeable future.
Securities
Authorized for Issuance under Equity Compensation Plan
As
of March 31, 2023, there were 4,037,147 shares of Class A Common Stock initially authorized for issuance under our 2022 Stock Incentive
Plan (the “Incentive Plan”), which our stockholders approved on June 28, 2022 in connection with the Business Combination.
The Incentive Plan became effective immediately upon the Closing.
Item
6. RESERVED
37
Table of Contents
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.