Freight Technologies Raises $1 Million Through New Series C Preferred Share Private Placement

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

On March 12, 2026, Freight Technologies, Inc. entered into a securities purchase agreement with an investor to sell 1,000,000 Series C preferred shares at $1.00 per share in a private placement, generating approximately $975,000 in net proceeds for working capital and corporate purposes. The Series C preferred shares, issued under an Amended and Restated Memorandum and Articles of Association filed the same day, are immediately convertible into ordinary shares at a floating price tied to either a premium to the prior closing price or the lowest seven-day VWAP, giving the investor downside price protection and “piggy-back” registration rights on future equity offerings.

The March 2026 amendments to the company’s charter also refined the mechanics of Series C conversion, waiver and redemption, including a redemption formula based on the greater of stated value or VWAP-linked value and the ability of a majority of Series C holders, including key investors DIP SPV I, L.P. and Freight Opportunities LLC, to waive class terms. In connection with the transaction, Freight Technologies agreed not to issue ordinary shares below the then-applicable Series C conversion price while the buyer holds any Series C shares, a restriction that may limit near-term discounted equity issuance but supports price protection for the new investor.

The most recent analyst rating on (FRGT) stock is a Sell with a $1.00 price target. To see the full list of analyst forecasts on Freight Technologies stock, see the FRGT Stock Forecast page.

Spark’s Take on FRGT Stock

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

The score is driven primarily by weak financial performance (declining revenue, significant losses, and poor cash flow) and a strongly bearish technical trend (price below all major moving averages with negative MACD). Valuation provides little support because the company is loss-making (negative P/E) and offers no dividend yield.

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

More about Freight Technologies

Freight Technologies, Inc. is a British Virgin Islands-incorporated company that issues ordinary and multiple series of preferred shares, including Series A, B and C, as well as blank check preferred stock. The company’s capital structure is governed by an Amended and Restated Memorandum and Articles of Association, updated multiple times since its 2015 incorporation to accommodate new share classes and financing needs.

Freight Technologies maintains its registered office in the British Virgin Islands and has broad corporate powers under BVI law to conduct business and issue securities. Its governance framework provides for various rights and preferences across ordinary and preferred shares, including conversion, voting, dividend and liquidation rights designed to support flexible capital raising.

Average Trading Volume: 846,968

Technical Sentiment Signal: Sell

Current Market Cap: $1.75M

See more insights into FRGT stock on TipRanks’ Stock Analysis page.