Freight Tech Stock Price, News & Analysis

Freight Technologies (Nasdaq: FRGT) has announced a significant advancement in its AI strategy through an expanded collaboration with Fetch.ai. The company has successfully deployed AI-powered voice agents using Fetch.ai's Agentverse platform and ASI:One model, achieving impressive performance metrics including a 69% exact match rate and 0.9 Levenshtein similarity in voice interactions.

The new voice agents, particularly effective in Spanish language processing, can autonomously extract crucial logistics data such as license plate numbers, driver names, and tractor IDs. The technology will be integrated into Fr8Tech's platforms including Fleet Rocket and Fr8App, marking a significant step toward automated logistics operations.

Freight Technologies (Nasdaq: FRGT) has announced a significant client acquisition as Reckitt Benckiser de México, a global leader in health, hygiene, and nutrition, joins its client portfolio. The partnership validates Fr8Tech's logistics management platform and its growing presence in the North American market.

Fr8Tech continues to enhance its technology and expand its network to serve cross-border and domestic shipping needs within the USMCA region, offering real-time data tools, integrated communication features, and scalable infrastructure designed to improve logistics operations.

Freight Technologies (Nasdaq: FRGT) has secured a two-year contract with Accel Logistica for its Fleet Rocket Transportation Management System (TMS) software platform. Accel Logistica, a comprehensive logistics provider with facilities across Mexico, will implement Fleet Rocket's suite of modules to enhance its operations.

The Fleet Rocket platform offers multiple capabilities including dedicated fleet management, GPS monitoring, AI-powered tendering, ocean freight booking, mobile access, messaging integration, automated alerts, analytics, ETA calculations, and ERP integration. Accel Logistica serves multinational corporations, retailers, and food service providers with services spanning merchandise management, inventory control, copacking, and cross-docking.

Freight Technologies (NASDAQ: FRGT) has announced an Amendment and Exchange Agreement with an accredited investor under their $20 million facility from April 29, 2025. The agreement involves exchanging senior convertible notes for Series A4 preferred shares. The investor is converting $1.5 million of previously issued senior convertible notes into 387,305 New Preferred Shares. These preferred shares can be converted into ordinary shares, with a restriction that the total conversion cannot exceed 19.9% of outstanding ordinary shares without stockholder approval per Nasdaq rules. The net proceeds from the $20 million facility are designated for purchasing OFFICIAL TRUMP coins.

Freight Technologies (NASDAQ: FRGT) has announced a 1-for-4 reverse share split of its ordinary shares, effective May 27, 2025. The reverse split will reduce the company's outstanding shares from 9,145,074 to 2,286,269. The stock will continue trading on the Nasdaq Capital Market under the symbol "FRGT" but with a new CUSIP number: G51413147.

Shareholders holding fractional shares not evenly divisible by 4 will receive rounded-up shares if their fraction is one-half or more, while smaller fractions will be cancelled. The reverse split won't affect the total authorized shares, and the company will have approximately 2.2 million ordinary shares outstanding post-split, excluding shares issuable under options and warrants.

Freight Technologies (NASDAQ: FRGT) has released its Q1 2025 financial results, showing improvements in key metrics despite macroeconomic challenges. The company reported a gross margin increase to 12.4% (up 7.0% YoY) and reduced its net loss to $1.6 million (improved by $0.7M YoY). Cash flow from operations improved slightly to -$3.1 million.

Notable developments include the launch of Fleet Rocket, a new TMS software solution, and the introduction of AI-powered features. The company invested $5.2 million in FET tokens and established the Fr8Tech AI Lab. However, due to concerns over US-Mexico cross-border trade tariffs, Fr8Tech revised its 2025 outlook, projecting revenue of $20-23 million, gross profit of $2-2.8 million, and operating loss of -$4.2 to -$5.5 million.

Freight Technologies (NASDAQ: FRGT) has announced the issuance of $1 million in convertible notes to purchase Official Trump (TRUMP) tokens, bringing their total TRUMP token investment to $2 million. The company's digital asset portfolio, including FET tokens and TRUMP tokens, is valued at approximately $10.7 million as of May 11, 2025. Fr8Tech positions this investment as both a financial strategy and an advocacy effort for fair US-Mexico trade relations. CEO Javier Selgas highlighted the significance of cross-border trade, which totaled $840 billion last year, while emphasizing the need for addressing challenges like narcotics trafficking while maintaining legitimate commerce.

Freight Technologies (Nasdaq: FRGT) has secured a convertible note facility of up to $20 million to purchase Official Trump Tokens ($TRUMP). The agreement, signed on April 29, 2025, starts with an initial $1 million tranche, with potential for $19 million in subsequent drawdowns.

This strategic move follows Fr8Tech's recent acquisition of FET tokens, valued at approximately $8 million, as part of its digital asset treasury diversification strategy. CEO Javier Selgas emphasized the company's commitment to promoting US-Mexico trade relations, noting Mexico's position as the United States' top trading partner.

The investment in $TRUMP tokens positions Fr8Tech as one of the first public companies to integrate these digital assets into its treasury strategy. The company aims to leverage this investment alongside its FET token holdings and AI solutions to enhance its technology development and advocate for balanced trade between the US and Mexico.

Freight Technologies (FRGT) has announced its integration with Blue Yonder's Transportation Management System through Bayer Crop Science LP. This development follows Bayer's selection of Fr8Tech as a key logistics provider in September 2024 for the 2025 season, where the company secured six critical cross-border lanes for truckload services.

The integration connects Fr8Tech's Fr8App platform with Bayer's system through Electronic Data Interchange (EDI), enabling automated data exchanges and eliminating manual processes. The connection aims to enhance shipment visibility, reduce lead times, and optimize resource allocation, ultimately improving supply chain efficiency.