Freight Technologies Secures $20M for Digital Asset Strategy

Freight Technologies ( (FRGT) ) just unveiled an update.

On April 29, 2025, Freight Technologies, Inc. entered into a Securities Purchase Agreement with accredited investors to raise approximately $20 million through the sale of senior convertible notes and warrants. The capital is earmarked for purchasing Official Trump Tokens (TRUMP) as part of the company’s strategy to diversify its digital asset treasury, following a recent acquisition of FET tokens. This move positions Fr8Tech as one of the first public companies to integrate $TRUMP into its digital asset strategy, reflecting its commitment to promoting commerce between the United States and Mexico. The company also announced the appointment of Leilei Nie and Andres Gonzalez to its board of directors, with Gonzalez serving as Chairman of the Nominating Committee.

Spark’s Take on FRGT Stock

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

Freight Technologies’ overall score is heavily impacted by its weak financial performance, which poses significant risks due to declining revenues and high leverage. However, strategic corporate actions and improvements offer some potential for recovery, but the technical and valuation metrics remain weak, indicating limited upside potential.

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 range of proprietary platform solutions aimed at optimizing and automating supply chain processes, including the Fr8App platform for cross-border shipping in 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 enhancing efficiency and connectivity in the logistics industry.

YTD Price Performance: -50.88%

Average Trading Volume: 1,430,182

Technical Sentiment Signal: Buy

Current Market Cap: $2.27M

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