Freight Technologies Closes Notes Exchange Transaction

The latest update is out from Freight Technologies ( (FRGT) ).

On May 27, 2025, Freight Technologies, Inc. announced the closing of a Notes Exchange Transaction, where an accredited investor exchanged senior convertible notes for Series A4 preferred shares. This transaction, under a $20 million facility, allows the conversion of $1.5 million of notes into 387,305 preferred shares, which can be further converted into ordinary shares. The exchange is contingent upon stockholder approval for issuing shares exceeding 19.9% of outstanding ordinary shares, aligning with Nasdaq regulations. This strategic move is expected to enhance the company’s financial flexibility and market positioning.

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, Inc. (Fr8Tech) is a technology company that offers a diverse portfolio of proprietary platform solutions powered by AI and machine learning to optimize and automate the supply chain process. The company’s solutions include the Fr8App platform for seamless Over-the-Road (OTR) B2B cross-border shipping across the USMCA region, Fr8Now for less-than-truckload (LTL) shipping, Fr8Fleet for dedicated capacity service in Mexico, Waavely for ocean freight booking, and Fleet Rocket for transportation management. Headquartered in Houston, Texas, Fr8Tech focuses on improving matching and operational efficiency through innovative technologies.

Average Trading Volume: 1,596,257

Technical Sentiment Signal: Sell

Current Market Cap: $5.46M

For an in-depth examination of FRGT stock, go to TipRanks’ Stock Analysis page.