Freight technologies completes $3 million private placement offering of convertible preferred stock

Houston, feb. 03, 2025 (globe newswire) -- freight technologies, inc. (nasdaq: frgt) (“fr8tech'' or “freight technologies'' or the “company”), a logistics management innovation company, offering a diverse portfolio of technology-driven solutions that address distinct challenges within the supply chain ecosystem, today announced the gross sale of $3.0 million (“the offering”) consisting of 1,540,832 series a4 preferred shares of the company, par value $0.0001 per share ("preferred shares") to certain accredited investors in a non-brokered private placement.
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