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Freight Technologies ( (FRGT) ) just unveiled an announcement.
On June 26, 2025, Freight Technologies, Inc. entered into a Waiver and Amendment of Certain Restrictions in Securities Purchase Agreement with Fetch Compute, Inc. This amendment allows Freight Technologies to issue $2 million in senior secured convertible notes, part of a $20 million facility, without adhering to certain previous restrictions. The changes include waiving the requirement to purchase additional tokens and modifying transfer restrictions on conversion shares, increasing the trading limit from 2% to 4% of the company’s outstanding shares.
Spark’s Take on FRGT Stock
According to Spark, TipRanks’ AI Analyst, FRGT is a Neutral.
Freight Technologies receives a low overall score due to significant financial instability, including declining revenues, negative profitability, and high leverage. The bearish technical indicators further contribute to the negative outlook. However, the company is making strategic efforts to improve its financial flexibility and market position through recent corporate events, which provides a slight positive offset to the otherwise negative financial and technical analyses.
To see Spark’s full report on FRGT stock, click here.
More about Freight Technologies
Average Trading Volume: 1,289,781
Technical Sentiment Signal: Sell
Current Market Cap: $4.18M
For an in-depth examination of FRGT stock, go to TipRanks’ Overview page.