The board of directors approved a one-for-10 reverse split of its ordinary shares, reducing the outstanding share count from approximately 16.8 million to 1.68 million. The split is intended to increase the per-share trading price to meet Nasdaq's $1.00 minimum bid price requirement for continued listing. Shares will begin trading on a split-adjusted basis on October 19, 2026, under the same ticker symbol but with a new CUSIP number. Fractional shares of one-half or more will be rounded up to the next whole share, while smaller fractions will be cancelled. Freight Technologies is a technology company offering AI-driven supply chain and logistics management solutions.
