Freight Technologies announces deal to acquire JAK Solar

Freight Technologies (FRGT) announced that it has entered into a share purchase agreement to acquire JAK Solar Loans 1. JAK Solar operates a scalable platform focused on the ownership and servicing of residential solar-related financial contracts, supported by established servicing arrangements and predictable payment structures. As of November 30, 2025, JAK Solar owned a portfolio of 62 active and performing U.S.-based residential solar loans with aggregate outstanding principal and interest through maturity of approximately $1.85 million and a weighted average maturity of 9.6 years. “This acquisition will provide Freight Technologies with long-duration, recurring cash flows supported by a scalable servicing platform,” said Javier Selgas, Chief Executive Officer of Freight Technologies. “It will strengthen our financial position and create strategic flexibility as we continue to evaluate opportunities that support sustainable growth and long-term shareholder value.”