Freight Technologies exchanges preferred shares for rights to ordinary shares
FRGT•Freight Technologies exchanged 1,666,837 Series A4 and 3,190,000 Series C preferred shares for rights to ordinary shares; it also said all remaining warrants from its 2023 convertible note financing had been exercised.
1. Share exchange terms
On October 18, 2026, Freight Technologies exchanged all 1,666,837 Series A4 Preferred Shares and 3,190,000 Series C Preferred Shares for ordinary-share rights. The Series A4 Rights cover 3,245,332 post-split ordinary shares at an exchange price of $1.87 per share, while the Series C Rights cover 3,190,000 shares at $1.00 per share. Both rights have a 9.99% beneficial ownership limit. The company said its one-for-ten reverse share split took effect October 19 and all remaining ordinary-share warrants from its 2023 convertible note financing had been exercised.
