secwatch.observer — SEC 8-K summary
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Issuer:     Freight Technologies, Inc. (FRGT)
CIK:        0001687542
Form:       8-K
Filed at:   2025-07-02T23:59:59+00:00
Accession:  0001641172-25-017413
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Freight Technologies issues $2M convertible notes, waives restrictions with Fetch Compute, ups trading limit to 4%
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- Issued $2,000,000 aggregate face amount of senior secured convertible notes under $20M facility with TrumpCoin Ventures I LLC and TrumpCoin Ventures II LLC.
- Waived Section 4.20 debt incurrence restriction and Section 4.15 token purchase requirement in prior SPA with Fetch Compute.
- Fetch Compute agreed not to enforce Section 4.17 remedies for defaults related to the notes and their proceeds.
- Amended Section 4.1(b) to increase daily trading limit of Conversion Shares from 2% to 4% of outstanding ordinary shares.
- Amendment effective June 26, 2025; all other terms of prior SPA remain in effect.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1687542/000164117225017413/0001641172-25-017413-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1687542/000164117225017413/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-017413

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