regulatory
confidence high
sentiment positive
materiality 0.70
Freight Technologies believes regained Nasdaq equity compliance after raising ~$8.2M
Freight Technologies, Inc.
- Company sold 1,540,832 Series A4 preferred shares for $2.97M net proceeds on Feb 3, 2025.
- On March 31, 2025, sold 2,311,248 Series A4 preferred shares for ~$5.2M paid via FET Tokens.
- Total proceeds bring stockholders' equity above the $2.5M minimum for Nasdaq listing.
- Company awaits formal Nasdaq confirmation; non-compliance in next periodic filing could trigger delisting.