−Removed: of the date of this Quarterly Report on Form 10-Q, there have been no material changes in the risk factors disclosed by us under Part
−Removed: I, Item 1A except the notice related to the Nasdaq Listing Qualifications Department, mentioned as follows:
−Removed: have been notified by The Nasdaq Stock Market LLC of our failure to comply with certain continued listing requirements and, if we are
−Removed: unable to regain compliance with all applicable continued listing requirements and standards of Nasdaq, our Class A common stock and
−Removed: redeemable warrants could be delisted from Nasdaq, which would have an adverse impact on the trading, liquidity, and market price of
−Removed: our Class A common stock and redeemable warrants.
−Removed: April 5, 2024, the Company received a letter from Nasdaq Stock Market LLC (“Nasdaq”) that the Company did not maintain a
−Removed: minimum closing bid price of $1 per share for its common stock, as required by Nasdaq listing rule 5550(a)(2).
−Removed: The Company had 180 calendar
−Removed: days, or until October 2, 2024, to regain compliance.
−Removed: notification has no immediate effect on the listing of the Company’s common stock, and its common stock will continue to trade
−Removed: on The Nasdaq Capital Market under the symbol “SHFS” at this time.
−Removed: The Company has a period of an additional 180 calendar
−Removed: days, or until October 2, 2024, to regain compliance with the Minimum Bid Price Requirement.
−Removed: If at any time before October 2, 2024, the
−Removed: bid price of the Company’s common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, the Staff
−Removed: will provide written confirmation that the Company has achieved compliance and the matter will be closed.
−Removed: can be no assurance that the Company will be able to regain compliance with the Minimum Bid Price Requirement or will otherwise be in
−Removed: compliance with other Nasdaq Listing Rules.
−Removed: However, the Company intends to actively monitor the closing bid price for its common stock
−Removed: and will consider available options to resolve the deficiency and regain compliance with the Minimum Bid Price Requirement, including
−Removed: initiating a reverse stock split.
−Removed: If the Company chooses to implement a reverse stock split, we must complete the reverse stock split
−Removed: no later than 10 business days prior to the expiration date of the additional compliance period on October 2, 2024 in order to timely
−Removed: regain compliance.
+Added: of the date of this Quarterly Report on Form 10-Q, there have been no material changes in the risk factors disclosed under Part I, Item
+Added: 1A of our Form 10-Q for the period ended March 31, 2024.
respect to the Risk Factors contained in the Annual Report on Form 10-K for the fiscal year ended December 31, 2023, we may disclose
12 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.