Freight Technologies exchanged all outstanding Series A4 preferred shares and 3,190,000 Series C preferred shares for rights to receive approximately 6.4 million ordinary shares without additional consideration. The transaction simplifies the capital structure as the company's previously approved one-for-ten reverse stock split takes effect on October 19, 2026. Additionally, all remaining warrants from a 2023 convertible note financing have been exercised and cleared. Freight Technologies operates in the logistics technology sector, providing AI-driven supply chain solutions.
