secwatch.observer — SEC 8-K summary
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Issuer:     Freight Technologies, Inc. (FRGT)
CIK:        0001687542
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001641172-25-009558
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Freight Technologies issues $1M convertible notes to purchase additional TRUMP tokens; digital assets ~$10.7M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1687542/000164117225009558/0001641172-25-009558-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1687542/000164117225009558/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-009558

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