Freight Technologies Announces Adjournment of Annual Meeting of Stockholders

Freight Technologies, Inc. (Nasdaq: FRGT, “Fr8Tech” or the “Company”), alogistics management innovation company, offering a diverse portfolio of technology-driven solutions thataddress distinct challenges within the supply chain ecosystem, today announced that the Company hasadjourned its 2024 Annual Meeting of Stockholders (the "Annual Meeting"), originally scheduled to be held onDecember 12, 2024, to Friday, December 13, 2024 at 1pm, Monterrey, Mexico time, in order to providestockholders additional time within which to vote on all proposals.

The Annual Meeting was convened to consider proposals (the “Proposals”) presented in the Notice of 2024Annual General Meeting of Members dated October 28, 2024, which is also available on the Company’swebsite at http://fr8technologies.com. At that time, there were not present in person, virtually or by proxy, asufficient number of shares of the Company's common stock to constitute a quorum, leading to adjournment.At the time the Annual Meeting was adjourned, proxies had been submitted by holders representing 44.67% ofthe shares of the Company's common stock issued and outstanding on the record date and entitled to vote atthe Annual Meeting.During the period of adjournment, the Company and its proxy agent, Broadridge Financial Solutions, willcontinue to receive votes from the Company's stockholders with respect to the proposals set forth in the ProxyStatement.Proxies which have been received will remain valid for the adjourned Annual Meeting. Holders of theCompany’s ordinary shares whose names are on the register of members of the Company at the close ofbusiness on October 24, 2024 are entitled to attend the adjourned Annual Meeting. Shareholders who havenot yet cast their votes are encouraged to do so by voting online as described in proxy instructions delivered inconnection with the Annual Meeting.About Freight Technologies Inc.Freight Technologies (Nasdaq: FRGT) (“Fr8Tech") is a technology company offering a diverse portfolio ofproprietary platform solutions powered by AI and machine learning to optimize and automate the supply chainprocess. Focused on addressing the distinct challenges within the supply chain ecosystem, the Company’sportfolio of solutions includes the Fr8App platform for seamless OTR B2B cross-border shipping across theUSMCA region; Fr8Now, a specialized service for less-than-truckload (LTL) shipping; Fr8Fleet, a dedicatedcapacity service for enterprise clients in Mexico; and Waavely, a digital platform for efficient ocean freightbooking and management of container shipments between North America and ports worldwide. Together,each product is interconnected within a unified platform to connect carriers and shippers and significantlyimprove matching and operation efficiency via innovative technologies such as live pricing and real-timetracking, digital freight marketplace, brokerage support, transportation management, fleet management, andcommitted capacity solutions. The company is headquartered in Houston, Texas. For more information, pleasevisit fr8technologies.com.Forward-Looking StatementsThis press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions ofthe United States Private Securities Litigation Reform Act of 1995. Fr8Tech’s and Fr8App Inc.’s actual resultsmay differ from their expectations, estimates and projections and, consequently, readers should not rely onthese forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,”“budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,”

“potential,” “continue” and similar expressions (or the negative versions of such words or expressions) areintended to identify such forward-looking statements.These forward-looking statements involve significant risks and uncertainties that could cause the actual resultsto differ materially from those discussed in the forward-looking statements. Most of these factors are outsideFr8Tech’s and Fr8App Inc.’s control and are difficult to predict. Factors that may cause such differencesinclude, but are not limited to: (1) the inability to obtain or maintain the listing of Fr8Tech’s ordinary shares onNasdaq; (2) changes in applicable laws or regulations; (3) the possibility that Fr8Tech or Fr8App Inc. may beadversely affected by other economic, business and/or competitive factors; (4) risks relating to the uncertaintyof the projected financial information with respect to Fr8App Inc.; (5) risks related to the organic and inorganicgrowth of Fr8App Inc.’s business and the timing of expected business milestones; and (6) other risks anduncertainties identified, including those under “Risk Factors,” to be filed in Fr8Tech other filings with theSecurities Exchange Commission.Fr8Tech cautions that the foregoing list of factors is not exclusive. Should one or more of these risks oruncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materiallyfrom those indicated or anticipated by such forward-looking statements. Fr8Tech and Fr8App Inc. cautionreaders not to place undue reliance upon any forward-looking statements, which speak only as of the datemade. Fr8Tech and Fr8App Inc. do not undertake or accept any obligation or undertaking to release publiclyany updates or revisions to any forward-looking statements to reflect any change in their expectations or anychange in events, conditions or circumstances on which any such statement is based.Fr8Tech Contact:Jason FinkelsteinIGNITION Investor Relationsinvestors@fr8technologies.com