Freight Technologies enters securities purchase agreement with Fetch Compute

Freight Technologies (FRGT)has entered into a Securities Purchase Agreement for the acquisition of $5.2M of FET Tokens from Fetch Compute, in exchange for 2,311,248 Series A4 preferred shares of the Company, par value $0.0001 per share. The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Company’s current report on Form 8-K dated April 1, 2025, announcing the execution of the Agreement. FET Tokens are the cryptocurrency that power Fetch.ai, a decentralized machine learning platform that aligns with Fr8Tech’s vision for scalable and secure AI solutions in the OTR carrier and logistics markets. Acquiring FET Tokens allows Fr8Tech to begin actively participating in Fetch.ai’s decentralized AI ecosystem, expanding its competitive advantage in the logistics industry.