An announcement from Freight Technologies ( (FRGT) ) is now available.
Freight Technologies, Inc. announced the completion of a Securities Purchase Agreement with accredited investors on April 29, 2025, involving the sale of senior convertible notes and incremental warrants for a total purchase price of $20 million. On May 2, 2025, the company issued notes and warrants, raising $1 million, with a maturity date set for May 2, 2027. The company also secured a security interest in its assets for the note holders and clarified that the securities were offered in a transaction exempt from registration under the Securities Act.
Spark’s Take on FRGT Stock
According to Spark, TipRanks’ AI Analyst, FRGT is a Underperform.
Freight Technologies is challenged by a precarious financial position characterized by declining revenues, high leverage, and continued losses. While technical indicators and valuation metrics remain weak, recent corporate initiatives offer a glimmer of potential improvement. However, the overall risk profile remains high, warranting cautious investor consideration.
To see Spark’s full report on FRGT stock, click here.
More about Freight Technologies
Average Trading Volume: 5,008,659
Technical Sentiment Signal: Sell
Current Market Cap: $3.12M
For an in-depth examination of FRGT stock, go to TipRanks’ Stock Analysis page.