Freight Technologies, Inc. Securities Purchase Agreement and Side Letters

Freight Technologies, Inc. entered into a securities purchase agreement on July 14, 2026, to sell 1,200,000 Series C preferred shares to an institutional investor for $1,200,000. The net proceeds of approximately $1.15 million are intended for working capital and general corporate purposes. The Series C preferred shares are convertible into ordinary shares. The agreement includes customary conditions, covenants, representations, and warranties, as well as "piggy-back" registration rights for the investor. The company is restricted from issuing certain other securities during a specified period. Side letters with DIP SPV I, L.P. and a May Investor impose minimum conversion prices for their Series C preferred shares. The company also announced the termination of a credit facility using proceeds from a loan. The issuances are exempt from registration requirements under the Securities Act.