SHF Holdings Inc. (NASDAQ:SHFS) shares skyrocketed 283.13% to $12.49 during after-hours trading on Tuesday, following the company’s announcement of a major equity financing agreement filed with the Securities and Exchange Commission.

Check out the current price of SHFS stock here.

Key Financing Agreement Details

On September 17, the Colorado-based company signed a Common Stock Purchase Agreement with CREO Investments LLC, a private equity firm, giving it the option to raise up to $150 million by selling shares. Under the agreement, SHF Holdings can sell its stock at 90 percent of whichever is lower, either the lowest trading price or the volume-weighted average price during specified periods.

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