secwatch.observer — SEC 8-K summary
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Issuer:     Freight Technologies, Inc. (FRGT)
CIK:        0001687542
Form:       8-K
Filed at:   2025-05-28T23:59:59+00:00
Accession:  0001641172-25-012557
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Freight Technologies exchanges $1.5M of senior convertible notes for Series A4 preferred shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1687542/000164117225012557/0001641172-25-012557-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1687542/000164117225012557/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-012557

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