secwatch.observer — SEC 8-K summary
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Issuer:     Freight Technologies, Inc. (FRGT)
CIK:        0001687542
Form:       8-K
Filed at:   2025-05-09T23:59:59+00:00
Accession:  0001641172-25-009373
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Freight Technologies closes $1M convertible note; $19M incremental warrants issued
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- Issued $1M in senior convertible notes (conversion price $3.00) and $19M in incremental warrants, netting $1M.
- Notes mature May 2, 2027; incremental warrants exercisable at $500K to fund additional notes, expire in 3 years.
- Entered security agreement granting lien on assets, including TRUMP coin purchased with note proceeds.
- No ordinary shares sold under ATM since September 2024; company states no plans for further ATM sales.
- Securities sold to accredited investors via Rule 506(b) exemption; no registration under Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1687542/000164117225009373/0001641172-25-009373-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1687542/000164117225009373/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-009373

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