secwatch.observer — SEC 8-K summary
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Issuer:     Freight Technologies, Inc. (FRGT)
CIK:        0001687542
Form:       8-K
Filed at:   2025-02-03T23:59:59+00:00
Accession:  0001493152-25-004617
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1687542/000149315225004617/0001493152-25-004617-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1687542/000149315225004617/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-004617

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