The latest announcement is out from Freight Technologies ( (FRGT) ).
On March 31, 2025, Freight Technologies, Inc. entered into a Securities Purchase Agreement with Fetch Compute, Inc. to acquire $5.2 million worth of FET Tokens in exchange for 2,311,248 Series A4 preferred shares. This acquisition allows Fr8Tech to participate in Fetch.ai’s decentralized AI ecosystem, enhancing its competitive advantage in the logistics industry. The agreement also includes plans for a development partnership to advance blockchain and AI technologies in logistics, aiming to provide real-time visibility and supply chain transparency. This move diversifies Fr8Tech’s assets and strengthens its balance sheet, aligning with its commitment to logistics innovation.
More about Freight Technologies
Freight Technologies, Inc. (Fr8Tech) is a logistics management innovation company offering a diverse portfolio of technology-driven solutions. The company focuses on optimizing and automating the supply chain process through proprietary platform solutions powered by AI and machine learning. Fr8Tech’s offerings include the Fr8App platform for cross-border shipping across the USMCA region, Fr8Now for less-than-truckload shipping, Fr8Fleet for enterprise clients in Mexico, Waavely for ocean freight booking, and Fleet Rocket for transportation management. Headquartered in Houston, Texas, Fr8Tech aims to connect carriers and shippers to improve operational efficiency.
YTD Price Performance: -53.24%
Average Trading Volume: 1,448,046
Technical Sentiment Signal: Buy
Current Market Cap: $2.15M
For an in-depth examination of FRGT stock, go to TipRanks’ Stock Analysis page.