Financing ·
On June 18, 2026, Freight Technologies, Inc. and its subsidiaries entered into a Loan and Security Agreement for a…
FRGTFreight Technologies, Inc.
On June 18, 2026, Freight Technologies, Inc. and its subsidiaries entered into a Loan and Security Agreement for a $2,500,000 secured term loan from an institutional investor. The loan carries a 10.0% annual interest rate, matures on June 17, 2027, and is secured by all assets of the borrowers. A 10.0% prepayment premium applies to any early repayments. The company intends to use the proceeds to fully repay its existing credit facility with Capital Foundry Funding, LLC. The company operates in the logistics technology industry, providing freight management software and services.