Freight Technologies Announces Reverse Share Split

An update from Freight Technologies ( (FRGT) ) is now available.

On May 22, 2025, Freight Technologies announced a board-approved 1-for-4 reverse share split of its ordinary shares, which will begin trading on a split-adjusted basis on May 27, 2025. This move will reduce the number of outstanding shares from 9,145,074 to 2,286,269, while maintaining the Nasdaq listing under a new CUSIP number. The reverse split aims to consolidate shares without affecting the total authorized shares, potentially impacting shareholder value and market perception.

Spark’s Take on FRGT Stock

According to Spark, TipRanks’ AI Analyst, FRGT is a Underperform.

Freight Technologies faces significant financial challenges, with declining revenues, high leverage, and negative cash flows posing substantial risks. Despite efforts to diversify through digital asset investments, the company’s overall risk remains high, with limited technical and valuation support, warranting cautious consideration.

To see Spark’s full report on FRGT stock, click here.

More about Freight Technologies

Freight Technologies (Nasdaq: FRGT), also known as Fr8Tech, is a technology company specializing in logistics management solutions. The company offers a range of AI and machine learning-powered platform solutions designed to optimize and automate the supply chain process, including Fr8App for cross-border shipping, Fr8Now for less-than-truckload shipping, Fr8Fleet for enterprise clients in Mexico, Waavely for ocean freight booking, and Fleet Rocket, a transportation management system.

Average Trading Volume: 6,097,867

Technical Sentiment Signal: Sell

Current Market Cap: $8.51M

For a thorough assessment of FRGT stock, go to TipRanks’ Stock Analysis page.