24/7 Market News Snapshot 30 April, 2025 – Freight Technologies, Inc. Ordinary Shares (NASDAQ:FRGT)

April 30, 2025

DENVER, Colo., 30 April, 2025 (www.247marketnews.com) – (Nasdaq:FRGT) are discussed in this article.
Freight Technologies, Inc. (Nasdaq:FRGT) has captured market attention with a remarkable surge, experiencing a pre-market rally of 20.25%, hitting $1.202 after closing at $1.000. This rise is underscored by a substantial trading volume of 3.41 million shares, signaling robust investor interest and confidence. The momentum reflects a potential breakout, drawing eyes to FRGT as it continues to establish itself within the rapidly evolving freight technology sector.

In a significant strategic move, the Company recently announced a landmark agreement to invest up to $20 million in convertible notes specifically aimed at acquiring Official Trump Tokens ($TRUMP). This innovative approach positions Freight Technologies among the pioneering public companies to adopt $TRUMP as a vital component of its digital asset treasury. Chief Executive Officer Javier Selgas highlighted Fr8Tech’s commitment to enhancing trade relations, particularly between the United States and Mexico, stating that the promotion of active commerce aligns with the company’s mission.

The initial fundraising will see the issuance of notes valued at $1 million, with the potential for additional capital of up to $19 million depending on future conditions. This strategic move is part of Fr8Tech’s broader effort to diversify its digital asset portfolio, particularly following the recent acquisition of FET tokens worth approximately $8 million.

Amidst these developments, Freight Technologies continues to set the pace in logistics management through its advanced technology solutions, including Fr8App, Fr8Now, and Fleet Rocket. These innovations integrate artificial intelligence and machine learning to streamline operations, enhancing efficiency throughout the supply chain landscape. As Fr8Tech evolves, its focus on technology-driven strategies and digital asset expansion underscores its position as a leading force in the logistics sector.

Related news for (FRGT)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.