Freight Technologies Reshapes Capital Structure and Issues New Series C Preferred to Close JAK Solar Acquisition

Freight Technologies ( (FRGT) ) has provided an update.

On December 18, 2025, Freight Technologies, Inc. held its 2025 Annual Meeting of Shareholders, where investors approved and ratified amendments to its memorandum and articles of association to provide for the mandatory conversion of the company’s existing preferred shares, and the company filed the revised governing documents the same day with the British Virgin Islands Registrar of Corporate Affairs. Subsequently, on December 30, 2025, the board approved and filed a further amendment creating a new Series C preferred share class with 12 million authorized shares at a stated value of $1.00, featuring flexible conversion mechanics into ordinary shares subject to a floor price, a 4.99%–9.99% beneficial ownership cap, no voting rights prior to conversion, and limitations on future Series C issuances while the initial seller remains a holder, moves that collectively recalibrate Freight Technologies’ capital structure. On December 31, 2025, Freight Technologies closed the previously announced acquisition of JAK Solar Loans 1 Limited from DIP SPV I, L.P. by issuing 5.5 million Series C preferred shares as consideration, signaling the company’s use of bespoke preferred equity to finance strategic deals and potentially broadening its exposure beyond core freight technology while concentrating some governance and issuance rights with the selling counterparty.

The most recent analyst rating on (FRGT) stock is a Sell with a $2.50 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.

Freight Technologies’ overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues and negative profitability margins. The technical analysis further supports a bearish outlook, with the stock trading below key moving averages and indicators suggesting weak momentum. The valuation is also unattractive due to the negative P/E ratio and lack of 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 listed in the United States, focused on technology-enabled freight and logistics solutions. The company operates through a structure of ordinary and multiple preferred share classes, which it actively manages via amendments to its memorandum and articles of association to support capital raising, corporate transactions and strategic growth initiatives.

Average Trading Volume: 1,473,236

Technical Sentiment Signal: Sell

Current Market Cap: $3.43M

See more data about FRGT stock on TipRanks’ Stock Analysis page.