Safe Harbor Financial’s $30M Deal In Jeopardy? What NASDAQ Investors Need To Know…Now
Safe Harbor Financial (NASDAQ:SHFS), focused on cannabis banking solutions, is embroiled in a legal battle over its $30 million acquisition of Rockview Digital Solutions (Abaca), initially agreed upon in October 2022. Complications arose as the company prepared for a scheduled payment to shareholders on October 5, 2024.
The acquisition involved a structured payment plan with four scheduled payments: the first on November 14, 2022, followed by payments on October 5, 2023, 2024, and 2025. As the 2024 payment date approached, Safe Harbor struggled to obtain necessary details from the shareholders’ representative, escalating into a …