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Freight Technologies ( (FRGT) ) just unveiled an announcement.
On February 3, 2025, Freight Technologies, Inc. completed a $3 million private placement of Series A4 preferred shares, raising approximately $2.9 million after fees. This financing is intended to support working capital, strategic growth initiatives, and enhance balance sheet flexibility. The preferred shares are convertible into ordinary shares, and the company is required to file a resale registration statement with the SEC by March 30, 2025. The successful capital raise reflects investor confidence and positions the company to advance its operational and strategic goals.
More about Freight Technologies
Freight Technologies, Inc. (Nasdaq: FRGT), headquartered in Monterrey, Mexico, is a logistics management innovation company offering a diverse portfolio of technology-driven solutions designed to optimize and automate the supply chain process. Its solutions include the Fr8App platform for B2B cross-border shipping across the USMCA region, Fr8Now for less-than-truckload shipping, Fr8Fleet for enterprise clients in Mexico, and Waavely for ocean freight booking and container shipment management between North America and ports worldwide.
YTD Price Performance: -34.80%
Average Trading Volume: 162,376
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.67M
Find detailed analytics on FRGT stock on TipRanks’ Stock Analysis page.
