Freight Technologies Announces Extinguishment of $1.1M of Outstanding Debt and Convertible Notes
Freight Technologies, Inc. - Ordinary Shares (FRGT)
Company Research
Source: GlobeNewswire
HOUSTON, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT, “Fr8Tech” or the “Company”), a technology company offering its custom-developed Fr8App, an industry-leading freight-matching platform powered by AI and machine-learning that offers a real-time portal for B2B cross-border and domestic shipping within the USMCA region, today announced that it has reached an agreement with Freight Opportunities LLC to extinguish $906K of outstanding promissory notes and accumulated interest and the remaining balance of Convertible Notes held on Freight Technologies’ June 30, 2024 balance sheet at $220K. Freight Opportunities remains an equity investor in the Company. CEO Javier Selgas commented, “This development is very positive news for Freight Technologies. It is a strong vote of confidence in the long-term prospects of the Company and in management’s ability to drive real innovation in the logistics industry across the USMCA market. We are excited about the o
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FRGT
News
- Freight Technologies Announces Commercial Launch of Fleet RocketGlobeNewswire
- Freight Technologies reports headcount restructuring, 20% reduction in workforce [Yahoo! Finance]Yahoo! Finance
- Freight Technologies Advances Transformation to Accelerate Innovation, Reduce Costs, and Drive GrowthGlobeNewswire
- Freight Technologies Completes $3 Million Private Placement Offering of Convertible Preferred Stock [Yahoo! Finance]Yahoo! Finance
- Freight Technologies Completes $3 Million Private Placement Offering of Convertible Preferred StockGlobeNewswire
FRGT
Sec Filings
- 2/3/25 - Form 8-K
- 1/30/25 - Form 8-K
- 1/17/25 - Form 8-K
- FRGT's page on the SEC website