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Recent Updates — FRGT

July 15, 2026View Source ↗

Freight Technologies, Inc. entered into a securities purchase agreement on July 14, 2026, to issue and sell 1,200,000 Series C preferred shares for an aggregate purchase price of $1,200,000. The offering is expected to raise approximately $1.15 million in net cash proceeds for working capital and corporate purposes. The Series C Preferred Shares are immediately convertible into ordinary shares at a conversion price of the lower of $4.752 or the seven-day volume-weighted average price, subject to a floor of $0.7764. Freight Technologies, Inc. operates in the freight and logistics technology industry.

June 23, 2026View Source ↗

On June 18, 2026, Freight Technologies, Inc. and its subsidiaries entered into a Loan and Security Agreement for a $2,500,000 secured term loan from an institutional investor. The loan carries a 10.0% annual interest rate, matures on June 17, 2027, and is secured by all assets of the borrowers. A 10.0% prepayment premium applies to any early repayments. The company intends to use the proceeds to fully repay its existing credit facility with Capital Foundry Funding, LLC. The company operates in the logistics technology industry, providing freight management software and services.