Freight Technologies Exchanges Senior Convertible Notes for Series A4 Preferred Shares under the $20 Million Facility

Core Points - Freight Technologies, Inc. has entered into an Amendment and Exchange Agreement with an accredited investor to convert $1.5 million of senior convertible notes into Series A4 preferred shares [1][2] - The net proceeds from a $20 million Facility are designated for the purchase of OFFICIAL TRUMP coins [1] - The New Preferred Shares can be converted into ordinary shares, and the company must reserve enough ordinary shares for this conversion [2] - The total number of ordinary shares issued upon conversion of New Preferred Shares is limited to 19.9% of the outstanding ordinary shares unless stockholder approval is obtained [3] Company Overview - Freight Technologies, Inc. (Nasdaq: FRGT) is a technology company focused on logistics management, offering a range of AI and machine learning-driven solutions to optimize supply chain processes [5] - The company's portfolio includes various platforms such as Fr8App for B2B cross-border shipping, Fr8Now for less-than-truckload shipping, and Fleet Rocket for transportation management [5] - The company is headquartered in Houston, Texas, and aims to improve operational efficiency through innovative technologies like live pricing and real-time tracking [5]