other material
confidence high
sentiment neutral
materiality 0.60
Freight Technologies issues $1M convertible notes to purchase additional TRUMP tokens; digital assets ~$10.7M
Freight Technologies, Inc.
- Issued $1M second tranche convertible notes from $20M facility to buy Official Trump (TRUMP) tokens, increasing total purchases to $2M.
- As of midday May 11, 2025, digital asset portfolio (FET tokens and TRUMP) valued at approximately $10.7M.
- CEO highlights cross-border trade of $840B and advocacy for fair US-Mexico trade amid current challenges.
- Initial $1M TRUMP purchase from first note completed; second tranche deepens crypto treasury.