Freight Technologies, Inc. (FRGT) Form 6-K — Oct 19, 2026
Freight Technologies (Nasdaq: FRGT) entered exchange agreements on October 18, 2026 under which holders exchanged all 1,666,837 outstanding Series A4 preferred shares and 3,190,000 Series C preferred shares for rights to ordinary shares, with no additional consideration payable. On a post-split basis following the company's 1-for-10 reverse split effective October 19, 2026, the Series A4 Rights and Series C Rights are exercisable for an aggregate of approximately 6.44 million ordinary shares at exchange prices of $1.87 and $1.00 per share, respectively, subject to a 9.99% beneficial ownership limitation.
Key figures
- Total Debt
- 0
- Series c exchanged
- 3190000
- Series a4 exchanged
- 1666837
- Beneficial ownership limit
- 9.99%
- Series c right shares pre split
- 31900000
- Series a4 right shares pre split
- 32453317
- Series c exchange price per share
- $0.10
- Series a4 exchange price per share
- $0.187
- Series c exchange price post split
- $1.00
- Series a4 exchange price post split
- $1.87
- August 2025 series a4 purchase price
- $500,000
- January 2025 series a4 purchase price
- $3,000,000
AI analysis
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