Freight Technologies Enters into Securities Purchase Agreement with Fetch Compute to Acquire Tokens in One of the Largest Decentralized Artificial Intelligence Computing Networks

HOUSTON, April 01, 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 it has entered into a Securities Purchase Agreement (the "Agreement") for the acquisition of $5.2 million of FET Tokens from Fetch Compute, Inc. ("Fetch Compute"), in exchange for 2,311,248 Series A4 preferred shares of the Company, par value$0.0001 per share ("Preferred Sha ...