Freight Technologies to Purchase Additional $1 Million of Official Trump Tokens
Company issues additional $1 million of convertible notes from existing $20 million facility
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.
-Continues advocacy for fair and free trade across the US-Mexico border-
HOUSTON – May 12, 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 issued two additional convertible notes for $1 million for purchasing Official Trump (“TRUMP”) tokens. This transaction increases Fr8Tech’s purchases of TRUMP to $2 million.
Javier Selgas, Chief Executive Officer of Fr8Tech, commented, “Fr8Tech’s continued investment into TRUMP puts us at the intersection of finance and advocacy. It reflects our confidence in the long-term value and utility of blockchain-based digital assets and provides a unique opportunity to champion fair and free trade across the US-Mexico border in the interests of our customers.”
“While Mexican President Claudia Sheinbaum’s recent comments that the US and Mexico are ‘…working in the coming days on options to improve our trade balance and advance outstanding issues for the benefit of both countries’ is encouraging, we see no reason why a collaborative and constructive framework for fair and free trade cannot be established now. Cross-border trade totaled $840 billion last year, sustained thousands of companies, and supported millions of jobs. We believe both countries have the tools and resources to simultaneously resolve current challenges, such as the flow of fentanyl and other narcotics, and maintain legitimate cross-border commerce,” concluded Selgas.
Fr8Tech’s Chief Financial Officer, Don Quinby, added, “We completed the purchase of TRUMP from the initial $1 million convertible notes, and are excited to deepen our cryptocurrency treasury with this second $1 million tranche. As of midday May 11, 2025, the value of our digital assets, including FET tokens and the initial $1 million purchase of TRUMP, was approximately $10.7 million.”
For further details, please see the full text of the Company’s related Form 8-Ks filed on May 9, 2025, and April 30, 2025.