secwatch.observer — SEC 8-K summary
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Issuer:     Freight Technologies, Inc. (FRGT)
CIK:        0001687542
Form:       8-K
Filed at:   2025-06-30T23:59:59+00:00
Accession:  0001641172-25-017013
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Freight Technologies amends charter to fix Series A4 conversion floor, aiding Nasdaq equity compliance
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- Company filed amended articles to remove semi-annual floor price reset on Series A4 preferred shares, fixing a conflict with Nasdaq's $2.5M equity minimum.
- As of March 31, 2025, shareholders' equity was $6.16M, but the prior conversion floor reset risked non-compliance.
- Conversion price floor now fixed at 20% of the closing price on the day preceding issuance of each preferred share.
- The amendment is effective immediately upon filing on June 27, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1687542/000164117225017013/0001641172-25-017013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1687542/000164117225017013/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-017013

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