Freight Technologies Reaches Agreement With Freight Opportunities To Extinguish $1.1M Of Outstanding Debt And Convertible Notes
Portfolio Pulse from Benzinga Newsdesk
Freight Technologies has reached an agreement with Freight Opportunities to extinguish $1.1M of outstanding debt and convertible notes, improving its financial position.
September 03, 2024 | 11:29 am
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Freight Technologies has successfully negotiated with Freight Opportunities to extinguish $1.1M of its outstanding debt and convertible notes, which will improve its financial health and reduce liabilities.
The reduction of $1.1M in debt and convertible notes will positively impact Freight Technologies' balance sheet by decreasing liabilities and interest obligations, potentially leading to improved investor confidence and stock performance.
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