other_material
confidence high
sentiment neutral
materiality 0.50
Freight Technologies issues $500k convertible preferred shares to Freight Opportunities LLC
Freight Technologies, Inc.
- Issued 12,540,000 Series B and 126,005 Series A4 preferred shares for $500,000 total.
- Net cash proceeds of ~$485,000 after fees; shares immediately convertible into ordinary shares.
- Offering exempt under Section 4(a)(2) and Rule 506(b); investor is accredited.
- Shares convertible at holder's option without additional consideration per amended charter.
- Purchaser Freight Opportunities LLC represented by Antonio Ruiz-Gimenez.
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