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Freight Technologies Releases Pro Forma Financial Statements for JAK Solar Acquisition
Globenewswire· 2026-03-19 21:50
Core Viewpoint - Freight Technologies, Inc. has completed the acquisition of JAK Solar Loans 1 Limited, which is expected to enhance its asset base and contribute to recurring cash flows over time [5]. Financial Information - The unaudited pro forma financial statements include a balance sheet as of September 30, 2025, and statements of operations for the nine months ended September 30, 2025, and the year ended December 31, 2024 [2]. - The pro forma financial statements are prepared as if the acquisition had occurred on January 1, 2024, for the statements of operations and on September 30, 2025, for the balance sheet [2][3]. Company Overview - Freight Technologies, Inc. is a logistics management innovation company that offers a diverse portfolio of technology-driven solutions, including AI and machine learning applications to optimize supply chain processes [6]. - The company's solutions include Fr8App for B2B cross-border shipping, Fr8Now for less-than-truckload shipping, Fr8Fleet for enterprise clients, Waavely for ocean freight booking, Fleet Rocket for transportation management, and Zayren.ai for pricing prediction and carrier matching [6].
Freight Technologies Announces Strategic Agreement to Advance Agentic AI Initiative
Globenewswire· 2025-11-20 14:46
Core Insights - Fr8Tech has entered into a multi-year service agreement with Fetch Compute to utilize their ASI-1 large language models, enhancing its AI-driven logistics solutions [1][2] - The integration of Fetch AI's technology will enable Fr8Tech to develop next-generation logistics AI systems, including autonomous task agents and real-time voice-enabled AI agents [2] Company Overview - Freight Technologies, Inc. (Fr8Tech) is a logistics management innovation company that offers a range of technology-driven solutions aimed at optimizing and automating supply chain processes [3] - The company's portfolio includes various platforms such as Fr8App for cross-border shipping, Fr8Now for less-than-truckload shipping, and Fleet Rocket for transportation management [3] Technology and Innovation - Fr8Tech plans to leverage the ASI-1 models to enhance multi-agent collaboration in freight procurement, scheduling, exception handling, and real-time communication [2] - The integration of advanced AI technologies is expected to significantly improve operational workflows for shippers, carriers, and brokers [2]
Freight Technologies Announces the Addition of Reckitt Benckiser de Mexico to its Expanding Client Portfolio
Globenewswire· 2025-07-07 13:00
Core Insights - Freight Technologies, Inc. (Fr8Tech) has secured Reckitt Benckiser de México as a client, highlighting its ability to attract globally recognized companies in the logistics sector [1][2][3] - The partnership with Reckitt Benckiser is seen as a validation of Fr8Tech's platform and its value proposition within the logistics ecosystem [3] - Fr8Tech is focused on expanding its technology and network to enhance cross-border and domestic shipping capabilities in the USMCA region [3] Company Overview - Fr8Tech offers a diverse portfolio of technology-driven solutions aimed at optimizing and automating supply chain processes, utilizing AI and machine learning [4] - The company's solutions include Fr8App for B2B cross-border shipping, Fr8Now for less-than-truckload shipping, Fr8Fleet for enterprise clients, Waavely for ocean freight management, and Fleet Rocket as a Transportation Management System [4] - Each product is interconnected within a unified platform to improve operational efficiency through features like live pricing, real-time tracking, and digital freight marketplace [4]
Freight Technologies Announces 1-for-4 Reverse Share Split
Globenewswire· 2025-05-22 13:00
Core Viewpoint - Freight Technologies, Inc. has announced a one-for-four reverse share split of its ordinary shares, effective May 27, 2025, aimed at consolidating its share structure and potentially enhancing its stock price [1][2]. Share Structure Changes - The reverse split will reduce the number of outstanding ordinary shares from 9,145,074 to 2,286,269, with every four pre-split shares combining into one post-split share [2][4]. - The shares will continue to trade on the Nasdaq under the symbol "FRGT" but will have a new CUSIP number: G51413147 [2][4]. Fractional Shares Handling - No fractional shares will be issued; shareholders entitled to a fractional share will receive an additional share to round up to the next whole share if the fractional share is less than one-half [3]. - Fractional shares equal to less than one-half will be canceled [3]. Company Overview - Freight Technologies, Inc. specializes in logistics management and offers a range of technology-driven solutions, including the Fr8App platform for cross-border shipping, Fr8Now for less-than-truckload shipping, and other services aimed at optimizing supply chain processes [5]. - The company utilizes AI and machine learning to enhance operational efficiency and improve the matching of carriers and shippers [5].
Freight Technologies to Purchase Additional $1 Million of Official Trump Tokens
Globenewswire· 2025-05-12 12:30
Core Viewpoint - Freight Technologies, Inc. (Fr8Tech) is actively investing in blockchain-based digital assets, specifically purchasing Official Trump tokens, to enhance its financial strategy and advocate for fair trade across the US-Mexico border [1][2]. Company Summary - Fr8Tech has issued an additional $1 million in convertible notes, increasing its total investment in TRUMP tokens to $2 million [1]. - The company emphasizes the importance of fair and free trade, highlighting that cross-border trade between the US and Mexico reached $840 billion last year, supporting thousands of companies and millions of jobs [2]. - The CEO of Fr8Tech, Javier Selgas, expressed confidence in the long-term value of blockchain assets and the potential for collaborative trade solutions between the two countries [2]. - The CFO, Don Quinby, reported that the company's digital assets, including the initial $1 million purchase of TRUMP, are valued at approximately $10.7 million as of May 11, 2025 [3]. Industry Context - Fr8Tech operates within the logistics management sector, offering a range of technology-driven solutions aimed at optimizing supply chain processes [4]. - The company's portfolio includes various platforms such as Fr8App for cross-border shipping, Fr8Now for less-than-truckload shipping, and Waavely for ocean freight management, all designed to improve operational efficiency [4].
Freight Technologies Secures up to USD $20 Million to Create an Official Trump Token ($TRUMP) Treasury
GlobeNewswire News Room· 2025-04-30 12:30
Core Viewpoint - Freight Technologies, Inc. (Fr8Tech) is strategically investing in Official Trump Tokens ($TRUMP) as part of its digital asset strategy, marking it as one of the first public companies to do so [1][2]. Group 1: Financial Strategy - Fr8Tech has entered into an agreement for the issuance of convertible notes with a facility of up to USD $20 million, specifically for purchasing Official Trump Tokens [1]. - The company plans to initially issue notes amounting to USD $1 million in the first tranche, with the potential for an additional USD $19 million in subsequent drawdowns [2]. Group 2: Market Positioning - The acquisition of FET Tokens, valued at approximately USD $8 million, is part of Fr8Tech's strategy to diversify its crypto treasury alongside the purchase of $TRUMP tokens [2]. - Fr8Tech aims to promote productive commerce between the United States and Mexico, highlighting Mexico as the top trading partner for the U.S. [2]. Group 3: Company Overview - Fr8Tech is a technology company focused on optimizing and automating supply chain processes through AI and machine learning, offering a range of proprietary platform solutions [4]. - The company's portfolio includes various services such as Fr8App for cross-border shipping, Fr8Now for less-than-truckload shipping, and Fleet Rocket for transportation management [4].
Freight Technologies Announces AI Lab to Enhance Cross-Border Freight Logistics
Globenewswire· 2025-04-11 13:15
Core Insights - Freight Technologies has launched an AI Lab in collaboration with the University of Monterrey to innovate AI-powered logistics solutions for cross-border freight operations between the United States and Mexico [1][2][4] - The AI Lab aims to leverage extensive real-world logistics data to develop advanced AI systems that enhance decision-making and optimize logistics processes [3][6] Group 1: AI Lab Overview - The AI Lab is dedicated to developing AI from the ground up through rigorous research and continuous refinement, focusing on machine learning applications in logistics [2][4] - The collaboration with the University of Monterrey creates a powerful ecosystem for academic and industry synergy, enabling high-impact projects in AI [4][5] Group 2: Unique Positioning - The AI Lab has access to vast datasets covering thousands of shipments and trade patterns, allowing for the creation of tailored AI solutions that address specific customer needs [3][6] - The initiative is designed to go beyond mere prediction and optimization, aiming to understand the complexities of freight movements [3] Group 3: Strategic Goals - The company aims to develop AI-powered logistics products with real-world applications, enhancing automation and decision-making processes [6] - There is a focus on attracting top AI talent and providing students with hands-on experience in freight technology applications, fostering future AI innovators [6]
Freight Technologies Enters into Securities Purchase Agreement with Fetch Compute to Acquire Tokens in One of the Largest Decentralized Artificial Intelligence Computing Networks
Newsfilter· 2025-04-01 13:30
Core Insights - Freight Technologies, Inc. has entered into a Securities Purchase Agreement to acquire $5.2 million of FET Tokens from Fetch Compute, exchanging them for 2,311,248 Series A4 preferred shares [1][2] - The acquisition of FET Tokens aligns with the company's vision for scalable and secure AI solutions in the logistics market, enhancing its competitive advantage [2][3] - The CEO emphasized that this acquisition strengthens the company's commitment to logistics innovation and diversifies its balance sheet, aiming to empower clients with real-time visibility and supply chain transparency [3] Company Overview - Freight Technologies, Inc. is a technology company focused on optimizing and automating supply chain processes through AI and machine learning [4] - The company's portfolio includes various solutions such as Fr8App for cross-border shipping, Fr8Now for less-than-truckload shipping, and Fleet Rocket for transportation management [4] - The interconnected products aim to improve operational efficiency in logistics through innovative technologies like live pricing and real-time tracking [4] Strategic Partnerships - The acquisition of FET Tokens creates asset diversification and establishes a crypto treasury, allowing the company to introduce cryptocurrency into the Over-the-Road (OTR) carrier and logistics markets [7] - Freight Technologies plans to collaborate with Fetch.AI to further develop blockchain and AI technologies within the logistics sector [7]