Freight Technologies announces a reverse share split intended to increase the market price per share of the company’s ordinary share and allow Freight Technologies Inc. to bring the company into compliance with Nasdaq’s minimum bid price requirement and maintain its Nasdaq Capital Market listing. The company confirms that, as previously announced, the board of directors on March 3, 2023, approved a 10:1 reverse split of its ordinary shares, effective on or around March 24, 2023. Freight Technologies Inc.’s ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol "FRGT," but will trade under a new CUSIP number.
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