Freight Technologies Issues $1M Convertible Notes for Tokens

Freight Technologies ( (FRGT) ) has issued an announcement.

On May 12, 2025, Freight Technologies announced the issuance of a second tranche of $1 million convertible notes for purchasing Official Trump tokens, increasing its total investment in these digital assets to $2 million. This move reflects Fr8Tech’s confidence in blockchain-based digital assets and aligns with its advocacy for fair and free trade across the US-Mexico border. The company sees this investment as a strategic opportunity to support cross-border commerce, which totaled $840 billion last year, and address challenges such as the flow of narcotics while maintaining legitimate trade.

Spark’s Take on FRGT Stock

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

Freight Technologies is challenged by a precarious financial position characterized by declining revenues, high leverage, and continued losses. While technical indicators and valuation metrics remain weak, recent corporate initiatives offer a glimmer of potential improvement. However, the overall risk profile remains high, warranting cautious investor consideration.

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

More about Freight Technologies

Freight Technologies, Inc. (Fr8Tech) is a technology company specializing in logistics management solutions powered by AI and machine learning. The company offers a diverse portfolio of proprietary platform solutions aimed at optimizing and automating the supply chain process. Its services 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 focuses on improving efficiency and connectivity between carriers and shippers.

Average Trading Volume: 5,207,528

Technical Sentiment Signal: Sell

Current Market Cap: $2.93M

For detailed information about FRGT stock, go to TipRanks’ Stock Analysis page.