other_material
confidence high
sentiment neutral
materiality 0.65
Freight Technologies exchanges $1.5M of senior convertible notes for Series A4 preferred shares
Freight Technologies, Inc.
- Investor converts $1.5M of notes into 387,305 Series A4 preferred shares under $20M Facility.
- New preferred shares convertible into ordinary shares, subject to 19.9% cap unless stockholder approval obtained.
- Net proceeds from $20M Facility designated for purchase of OFFICIAL TRUMP coins.
- Exchange exempt from registration under Section 3(a)(9) of Securities Act; no commission paid.
- Company obligated to seek stockholder approval for conversion beyond 19.9% by specified deadline.
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