Freight technologies announces extinguishment of $1.1m of outstanding debt and convertible notes

Houston, sept. 03, 2024 (globe newswire) -- freight technologies, inc. (nasdaq: frgt, “fr8tech” or the “company”), a technology company offering its custom-developed fr8app, an industry-leading freight-matching platform powered by ai and machine-learning that offers a real-time portal for b2b cross-border and domestic shipping within the usmca region, today announced that it has reached an agreement with freight opportunities llc to extinguish $906k of outstanding promissory notes and accumulated interest and the remaining balance of convertible notes held on freight technologies' june 30, 2024 balance sheet at $220k. freight opportunities remains an equity investor in the company.
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