Freight Technologies Secures up to USD $20 Million to Create an Official Trump Token ($TRUMP) Treasury
Capital dedicated for the strategic accumulation of Official Trump ($TRUMP) cryptocurrency
Este comunicado se publicó en inglés y se reproduce sin traducir. Es una divulgación de una emisora listada en Nasdaq: el texto en inglés es el documento de referencia, y una traducción sin carácter oficial diría menos, no más.
-Creates diversified crypto treasury strategy alongside recent purchase of FET tokens-
HOUSTON – April 30, 2025 — Freight Technologies, Inc. (Nasdaq: FRGT, “Fr8Tech” or the “Company”), a logistics management innovation company, offering a diverse portfolio of technology-driven solutions, today announced that it has entered into an agreement for the issuance of convertible notes (the “Agreement”) through a facility of up to USD $20 million with an institutional investor signed on April 29, 2025. Capital from the financing is exclusively earmarked for purchasing Official Trump Tokens ($TRUMP), making Fr8Tech one of the first public companies to make $TRUMP a cornerstone of its digital asset strategy.
Javier Selgas, Chief Executive Officer of Fr8Tech added, “At the heart of Fr8Tech’s mission is the promotion of productive and active commerce between the United States and Mexico. Mexico is the United States’ top goods trading partner, with Mexico being the leading destination for US exports and the top source for US imports. As US Treasury Secretary Scott Bessent recently stated, ‘I wish to be clear: America First does not mean America alone. To the contrary, it is a call for deeper collaboration and mutual respect among trade partners.’”
“The recent acquisition of FET Tokens to our treasury combined with the AI solutions FET supports, continues to help us develop our technology. We believe that the addition of the Official Trump tokens are an excellent way to diversify our crypto treasury, and also an effective way to advocate for fair, balanced, and free trade between Mexico and the US.”
Pursuant to the financing, the Company intends to initially issue notes in the aggregate principal amount of USD $1 million in its first tranche, with additional capacity of up to USD $19 million available in subsequent drawdowns, subject to certain conditions. This transaction to purchase Official Trump tokens advances Fr8Tech’s strategy to build a diversified digital asset treasury, following its recent acquisition of FET tokens (currently valued at approximately $8 million as of April 29, 2025).
The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Company’s current report on Form 8-K dated April 30, 2025, announcing the execution of the Agreement.