Freight Technologies Announces Deal to Acquire JAK Solar
Broadens Asset Base | Enhances Financial Flexibility | Adds Recurring Cash Flows
Freight Technologies, Inc. (Nasdaq: FRGT, “Fr8Tech” or the “Company”), a logistics management innovation company offering a diverse portfolio of technology-driven solutions, announced that it has entered into a share purchase agreement to acquire JAK Solar Loans 1 Limited (“JAK Solar”).
JAK Solar operates a scalable platform focused on the ownership and servicing of residential solar-related financial contracts, supported by established servicing arrangements and predictable payment structures. As of November 30, 2025, JAK Solar owned a portfolio of 62 active and performing U.S.-based residential solar loans with aggregate outstanding principal and interest through maturity of approximately $1.85 million and a weighted average maturity of 9.6 years.
Upon closing, the acquisition will expand Freight Technologies’ asset base through Jak Solar’s portfolio of contracted, long-duration financial assets tied to residential renewable energy systems. The Company expects the transaction to strengthen its balance sheet, improve operating cash flows, and enhance overall financial flexibility, while remaining aligned with Fr8Tech’s disciplined capital allocation framework.
“This acquisition will provide Freight Technologies with long-duration, recurring cash flows supported by a scalable servicing platform,” said Javier Selgas, Chief Executive Officer of Freight Technologies. “It will strengthen our financial position and create strategic flexibility as we continue to evaluate opportunities that support sustainable growth and long-term shareholder value.”
For the year ended December 31, 2024, and the nine months ended September 30, 2025, JAK Solar generated unaudited gross cash receipts (a non-GAAP measure) of approximately $314,810 and $246,587, respectively, with limited historical write-offs. The platform is designed to support additional assets over time, including other residential energy efficiency and home improvement financings.
Freight Technologies continues to execute on its strategy of leveraging technology, data, and intelligent systems to support operational efficiency and long-term value creation, while selectively deploying capital into opportunities that enhance resilience, scalability, and performance.