Summary by Moomoo AI
Freight Technologies will hold its 2024 Annual Meeting on December 12, 2024, in Monterrey, Mexico. The Board seeks shareholder approval for five key proposals, including the election of five directors and ratification of Marcum LLP as the new independent auditor following UHY LLP's dismissal in July 2024.Two significant governance changes are proposed: eliminating the par value of ordinary shares to enable more flexible share issuance, and reducing the shareholder meeting quorum requirement from 50% to one-third of voting shares to facilitate more efficient corporate proceedings. The Board also seeks advisory approval of executive compensation.The company's leadership includes CEO Javier Selgas, new CFO Donald Quinby who joined in January 2024, and three independent directors. Freight Opportunities LLC remains the largest shareholder with potential ownership of 90.07% through shares and warrants, subject to a 9.99% beneficial ownership limitation.
