secwatch.observer — SEC 8-K summary
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Issuer:     Freight Technologies, Inc. (FRGT)
CIK:        0001687542
Form:       8-K
Filed at:   2025-04-01T23:59:59+00:00
Accession:  0001641172-25-002016
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Freight Tech issues 2.3M preferred shares for $5.2M in FET Tokens from Fetch Compute
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- Issued 2,311,248 Series A4 preferred shares (par value $0.0001) for 11,300,000 FET Tokens valued at ~$5.2M.
- FET Tokens power Fetch.ai decentralized AI platform; Fr8Tech plans crypto treasury and logistics use.
- Agreement includes staking provisions and 20% of future equity proceeds to be used for additional token purchases.
- Fr8Tech and Fetch Compute will negotiate a development partnership for blockchain and AI in logistics.
- Press release highlights AI Tendering Bot launch and vision for real-time supply chain transparency.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1687542/000164117225002016/0001641172-25-002016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1687542/000164117225002016/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-002016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer