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Freight Technologies | 6-K: Report of foreign private issuer [Rules 13a-16 and 15d-16]

Freight Technologies | 6-K: Report of foreign private issuer [Rules 13a-16 and 15d-16]

Freight Technologies | 6-K:外国发行人报告
美股SEC公告 ·  09/04 09:05

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Freight Technologies, Inc. (Fr8Tech), a technology company specializing in AI-powered freight-matching, announced the extinguishment of $1.1 million in debt through an agreement with Freight Opportunities LLC. The agreement, disclosed in a Form 6-K filed with the SEC for September 2024, involves the cancellation of outstanding promissory notes and convertible notes. As of August 29, 2024, the amount owed under these notes was $1,314,903.50. The cancellation is aimed at preserving the company's cash and is seen as a positive reflection of the increased pro forma valuation of Fr8Tech's ordinary shares. CEO Javier Selgas expressed optimism about the company's long-term prospects and its ability to innovate in the logistics industry. CFO Don Quinby highlighted the transaction's benefits, including strengthening the balance sheet and freeing up cash for investment. Freight Opportunities LLC remains an equity investor in Fr8Tech, endorsing the company's technology and management team. The company's core product, Fr8App, is a B2B cross-border shipping marketplace in the USMCA region.
Freight Technologies, Inc. (Fr8Tech), a technology company specializing in AI-powered freight-matching, announced the extinguishment of $1.1 million in debt through an agreement with Freight Opportunities LLC. The agreement, disclosed in a Form 6-K filed with the SEC for September 2024, involves the cancellation of outstanding promissory notes and convertible notes. As of August 29, 2024, the amount owed under these notes was $1,314,903.50. The cancellation is aimed at preserving the company's cash and is seen as a positive reflection of the increased pro forma valuation of Fr8Tech's ordinary shares. CEO Javier Selgas expressed optimism about the company's long-term prospects and its ability to innovate in the logistics industry. CFO Don Quinby highlighted the transaction's benefits, including strengthening the balance sheet and freeing up cash for investment. Freight Opportunities LLC remains an equity investor in Fr8Tech, endorsing the company's technology and management team. The company's core product, Fr8App, is a B2B cross-border shipping marketplace in the USMCA region.
物流科技公司Freight Technologies, Inc. (Fr8Tech)宣布通过与Freight Opportunities LLC达成的协议,清除了110万美元的债务。该协议于2024年9月向美国证券交易委员会(SEC)提交了一份6-k表格,涉及取消未偿还的票据和可转换票据。截至2024年8月29日,这些票据的金额为1314903.50美元。此次取消旨在保留公司的现金,并被视为智享科技普通股增加的有益反映。首席执行官Javier Selgas对公司的长期前景和其在物流行业创新的能力表示乐观。首席财务官Don Quinby强调了这笔交易的好处,包括加强资产负债表和解放资金进行投资。Freight Opportunities LLC仍然是Fr8Tech的股权投资者,支持该公司的技术和管理团队。Fr8Tech的核心产品Fr8App是一个位于美墨加地区的20亿美元跨境货运市场。
物流科技公司Freight Technologies, Inc. (Fr8Tech)宣布通过与Freight Opportunities LLC达成的协议,清除了110万美元的债务。该协议于2024年9月向美国证券交易委员会(SEC)提交了一份6-k表格,涉及取消未偿还的票据和可转换票据。截至2024年8月29日,这些票据的金额为1314903.50美元。此次取消旨在保留公司的现金,并被视为智享科技普通股增加的有益反映。首席执行官Javier Selgas对公司的长期前景和其在物流行业创新的能力表示乐观。首席财务官Don Quinby强调了这笔交易的好处,包括加强资产负债表和解放资金进行投资。Freight Opportunities LLC仍然是Fr8Tech的股权投资者,支持该公司的技术和管理团队。Fr8Tech的核心产品Fr8App是一个位于美墨加地区的20亿美元跨境货运市场。
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