Item 5. Market for Registrant’s Common Equity
Item
5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market
Information
Our
Class A Common Stock and Public Warrants are currently listed on The Nasdaq Capital Market under the symbols “SHFS” and “SHFS,”
respectively.
Holders
of Record
As
of March 31, 2025, there were 4,091 holders of our Class A Common Stock and 21 holders of our Public Warrants. The actual number of
stockholders is greater than this number of record holders and includes stockholders who are beneficial owners but whose shares are held
in street name by brokers and other nominees.
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.
Recent
Sales of Unregistered Securities
There
have been no securities sold by the Company for the period covered by this Annual Report on Form 10-K which were not registered under
the Securities Act. Included are new issues, securities issued upon conversion from other share classes, and securities issued in exchange
for property, services, or other securities.
Issuer
Purchases of Equity Securities
None
Item
6. [Reserved]
19
Table of Contents
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