Freight Technologies Inc. Modifies Securities Agreement, Increases Convertible Note Facility to $2 Million
Freight Technologies, Inc. has announced a significant update to its financial agreements. The company has entered into a Waiver and Amendment of Certain Restrictions in its Securities Purchase Agreement with Fetch Compute, Inc., initially established on March 31, 2025. This amendment permits the issuance of four senior secured convertible notes totaling $2 million as part of a larger $20 million convertible note facility. These notes were issued under a securities purchase agreement with TrumpCoin Ventures I LLC and TrumpCoin Ventures II LLC, dated April 30, 2025. The amendment also relaxes previous restrictions, including the requirement for purchasing additional tokens and certain default remedies, while increasing the daily trading limit of Conversion Shares from two percent to four percent of the company's outstanding shares. All other terms of the original agreement remain unchanged.
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