Freight Technologies Completes $3 Million Private Placement Offering of Convertible Preferred Stock
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Freight Technologies, Inc. (Nasdaq: FRGT) has completed a $3 million private placement offering of convertible preferred stock, selling 1,540,832 Series A4 preferred shares to accredited investors.
February 03, 2025 | 2:30 pm
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Freight Technologies has raised $3 million through a private placement of convertible preferred stock, which could strengthen its financial position and support future growth initiatives.
The successful completion of a $3 million private placement offering indicates a positive influx of capital for Freight Technologies. This can enhance the company's financial stability and provide resources for growth, likely leading to a positive short-term impact on the stock price.
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