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HOUSTON, May 27, 2025 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (NASDAQ:FRGT, "Fr8Tech" or the "Company")), a logistics management innovation company, offering a diverse portfolio of technology-driven solutions, today announced it has entered into an Amendment and Exchange Agreement (the "Exchange Agreement") with one of its accredited investors, under the Securities Purchase Agreement, dated April 29, 2025, (the "Facility"). Net proceeds from the $20 million Facility are designated for the purchase of OFFICIAL TRUMP coins. Under the terms of the Exchange Agreement, the investor will exchange certain previously issued senior convertible notes for Series A4 preferred shares (the "New P
HOUSTON, May 22, 2025 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (NASDAQ:FRGT, "Fr8Tech" or the "Company")), a logistics management innovation company offering a diverse portfolio of technology-driven solutions, announced today that the board of directors of the Company approved a one (1) for four (4) reverse share split ("reverse split") of its issued and outstanding ordinary shares, no par value (the "Ordinary Shares"). The Ordinary Shares will begin trading on a split adjusted basis on May 27, 2025. As a result of the reverse split, every four (4) pre-split Ordinary Shares will automatically be combined into one (1) Ordinary Share without any action required by the holders, and the
HOUSTON, May 20, 2025 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (NASDAQ:FRGT, "Fr8Tech" or the "Company")), a logistics management innovation company, offering a diverse portfolio of technology-driven solutions, released its results for the first quarter ended March 31, 2025, on May 16, 2025. "In the first quarter of 2025, the Company continued to build on the transformative progress of 2024. We delivered further improvements across several key metrics including gross margins and cash flow from operations, extended agreements with several multinational enterprises, successfully launched Fleet Rocket, and introduced our advanced AI-powered Tendering Bot. Despite initial headwinds fr
HOUSTON, Feb. 21, 2025 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (NASDAQ:FRGT, "Fr8Tech" or the "Company")), a logistics management innovation company, offering a diverse portfolio of technology-driven solutions, announced today that its board of directors (the "Board") has approved the appointment of two new independent Board directors, Leilei Nie and Andres Gonzalez, effective February 14, 2025. These appointments follow the resignations of Paul Freudenthaler and William Samuels who recently notified the Board of their intentions to resign. Their resignations were not the result of any dispute or disagreement with either the Company or the Board. Mr. Freudenthaler will continue to s
HOUSTON, May 23, 2023 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (NASDAQ:FRGT) ("Fr8Tech"), a technology company whose industry-leading, custom-developed, AI- and machine learning-powered Fr8App freight-matching platform offers a real-time portal for B2B cross-border and domestic shipping within the USMCA region, today announces the appointment of Dr. Umberto León-Domínguez as director of the company's artificial intelligence ("AI") division. In his role as AI director, Dr. León-Domínguez will oversee the creation of a dedicated department within Fr8Tech to focus exclusively on AI developments – both boosting the company's existing advances and also developing new AI functionalities f
D - Freight Technologies, Inc. (0001687542) (Filer)
8-K - Freight Technologies, Inc. (0001687542) (Filer)
8-K - Freight Technologies, Inc. (0001687542) (Filer)
HOUSTON, May 09, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (NASDAQ:FRGT, "Fr8Tech" or the "Company"))), a technology company offering its custom-developed Fr8App, an industry-leading freight-matching platform powered by AI and machine-learning that offers a real-time portal for B2B cross-border and domestic shipping within the USMCA region, today announces its financial results for the full year 2023, which concluded on Dec. 31, 2023. Fr8Tech recorded annual revenue for fiscal 2023 of $17.1 million vs. annual revenue of $25.9 million in 2022, a year-over-year decline of 34%. Despite the year-over-year decline in total revenue, the Company was able to increase its cash flow from
SC 13G/A - Freight Technologies, Inc. (0001687542) (Subject)
SC 13G/A - Freight Technologies, Inc. (0001687542) (Subject)
SC 13G/A - Freight Technologies, Inc. (0001687542) (Subject)