Freight Technologies Announces Extinguishment of $1.1M of Outstanding Debt and Convertible Notes [Yahoo! Finance]
Freight Technologies, Inc. - Ordinary Shares (FRGT)
Company Research
Source: Yahoo! Finance
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 opportunities in front of us, and are eager to execute against them in order to deliver long-term results to our stakeholders.” Fr8Tech CFO Don Quin
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FRGT
Sec Filings
- 11/15/24 - Form 20-F/A
- 10/28/24 - Form 6-K
- 9/23/24 - Form 6-K
- FRGT's page on the SEC website