Freight Technologies closes $3M private placement of convertible preferred shares

Freight Technologies, Inc.

Gross proceeds $3.0M from 1,540,832 Series A4 preferred shares; net cash $2.9M.
Proceeds for working capital, strategic growth, and balance sheet flexibility.
Preferred shares convertible into ordinary shares at greater of 7-day VWAP floor or conversion price floor; conversion price amended.
Company must file resale registration statement by March 30, 2025; liquidated damages up to 20% of aggregate reference price if delayed.
Offering exempt under Section 4(a)(2) and Rule 506(b); investors are accredited.

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