Safe Harbor Issues 60.6M Shares on Series B Conversion, Outstanding Count Jumps to 85.5M
SHFS is trading near its 52-week low of $0.06 (8.6% above the low).
Summary
Safe Harbor converted 7,329 Series B preferred shares into 60,570,250 common shares at $0.1210, taking shares outstanding from 24,942,735 to 85,512,985 with no cash received.
Key Events · Financing and Capital Events · SHFS
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Series B Conversion Adds 60.6M Shares
From October 24 through October 30, 2026, holders converted 7,329 Series B preferred shares into 60,570,250 common shares at a $0.1210 conversion price.
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Share Count Nearly Quadruples
Shares outstanding rose from 24,942,735 as of October 23, 2026 to 85,512,985 as of October 30, 2026; the new shares equal 60,570,250 / 85,512,985 = 70.8% of the post-conversion total.
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No Cash to the Company
The company received no additional consideration for the conversions, so the transaction adds no liquidity despite the previously disclosed going concern warning.
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Conversion Price Above Market
The $0.1210 conversion price compares with today's $0.0655 share price, reflecting the terms set in the Certificate of Designation rather than current trading levels.
Analysis · SHFS · Finance
Series B preferred holders converted 7,329 preferred shares into 60,570,250 common shares at $0.1210, lifting shares outstanding from 24,942,735 to 85,512,985 in a week. That is roughly 2.4x the prior count (60,570,250 / 24,942,735 = 2.43), so existing holders' stake is diluted by about 71% (60,570,250 / 85,512,985 = 70.8% of the new total). The company received no cash — this is conversion of already-outstanding preferred, not a new raise — so it adds no runway to a balance sheet already carrying a going concern warning and Nasdaq minimum-bid pressure. The enlarged float also raises the share count base against which the pending Opifex combination's 85% ownership is measured.
How filings like this one have moved
In the 30 days to Oct 30, 2026, 38.3% of the 891 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.41%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SHFS was trading at $0.07 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.5M. The 52-week trading range was $0.06 to $33.84. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.