Freight Technologies, Inc. Enters into $1.0 Billion Equity Purchase Facility Agreement
Freight Technologies, Inc. (the "Company") entered into an Equity Purchase Facility Agreement with an institutional investor on October 28, 2025. The agreement allows the Company to issue and sell up to $1.0 billion in ordinary shares to the investor over a three-year period. The Company has the right, but not the obligation, to direct the investor to purchase shares in specified amounts, subject to certain conditions, including a 19.99% ownership cap until shareholder approval is obtained. The Company also entered into a Registration Rights Agreement, requiring the filing of a registration statement with the SEC within 30 days and its effectiveness within 90 days. Additionally, the Company engaged a placement agent for the transaction. The agreement provides the Company with significant capital flexibility to pursue strategic initiatives, including investments in advanced logistics technologies and potential AI data center opportunities.