Freight Technologies Secures $50M Equity Facility
Ticker: FRGT · Form: 6-K · Filed: Oct 28, 2025 · CIK: 1687542
Sentiment: neutral
Topics: financing, equity-facility, capital-raise
TL;DR
FREI just inked a $50M equity line, giving them cash runway for 3 years.
AI Summary
On October 28, 2025, Freight Technologies, Inc. entered into an Equity Purchase Facility Agreement with an unnamed party. This agreement allows the company to sell up to $50 million of its common stock to the purchaser over a period of 36 months. The company intends to use the net proceeds for general corporate purposes and working capital.
Why It Matters
This facility provides Freight Technologies with a flexible source of capital, potentially enabling strategic investments or operational expansion without immediate dilution concerns.
Risk Assessment
Risk Level: medium — Equity facilities can lead to significant dilution if the stock price is low, and the terms of the agreement are not fully disclosed.
Key Numbers
- $50.0M — Equity Purchase Facility (Maximum amount the company can draw over 36 months)
- 36 months — Facility Term (Duration over which the equity facility is available)
Key Players & Entities
- Freight Technologies, Inc. (company) — The company entering the agreement
- October 28, 2025 (date) — Date the agreement was entered into
- $50 million (dollar_amount) — Maximum amount available under the Equity Purchase Facility Agreement
- Javier Selgas (person) — Chief Executive Officer of Freight Technologies, Inc.
FAQ
What is the specific name of the counterparty to the Equity Purchase Facility Agreement?
The filing does not specify the name of the purchaser in the Equity Purchase Facility Agreement.
What are the terms for determining the stock price at which Freight Technologies can sell shares?
The filing does not detail the specific pricing mechanism for the shares sold under the facility.
Are there any conditions precedent to Freight Technologies drawing funds under the facility?
The filing does not explicitly state any conditions precedent for drawing funds.
What is the intended use of the net proceeds from the equity facility?
The company intends to use the net proceeds for general corporate purposes and working capital.
What is the ticker symbol for Freight Technologies, Inc.?
The filing does not explicitly state the ticker symbol, but the company is identified as Freight Technologies, Inc.
Filing Stats: 2,576 words · 10 min read · ~9 pages · Grade level 18.9 · Accepted 2025-10-28 09:34:08
Key Financial Figures
- $1.0 billion — o direct the Investor to purchase up to $1.0 billion (the “Commitment Amount”) i
- $1,500 — hares on the Exchange; and (viii) up to $1,500 for reasonable and documented out-of-po
Filing Documents
- form6-k.htm (6-K) — 44KB
- ex10-1.htm (EX-10.1) — 389KB
- ex10-2.htm (EX-10.2) — 102KB
- ex10-3.htm (EX-10.3) — 60KB
- ex10-4.htm (EX-10.4) — 53KB
- ex10-5.htm (EX-10.5) — 566KB
- ex10-5_001.jpg (GRAPHIC) — 4KB
- ex10-5_002.jpg (GRAPHIC) — 3KB
- 0001493152-25-019841.txt ( ) — 1225KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: October 28 , 2025 FREIGHT TECHNOLOGIES, INC. By: /s/ Javier Selgas Name: Javier Selgas Title: Chief Financial Officer