BlockBeats News, May 2nd, Freight Technologies (Nasdaq: FRGT) announced that it has entered into an agreement with an institutional investor to raise up to $20 million through a convertible bond offering, to be used to purchase the Trump official Meme coin TRUMP.
According to the financing agreement, Freight Technologies plans to issue $1 million worth of convertible notes in the first round of financing, with the possibility of additional funding of up to $19 million based on specific conditions. The company had previously purchased around $8 million worth of FET tokens.
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