Freight Technologies sells $500,000 of convertible preferred shares to one investor
On August 6, 2025, Freight Technologies issued 12,540,000 Series B and 126,005 Series A4 preferred shares to one accredited investor for $500,000 in a private offering, netting about $485,000 after fees. The shares are immediately convertible into ordinary shares at the investor's option without additional payment, so conversion could add shares outstanding and dilute existing shareholders.
Key points
- Investor received 12,540,000 Series B preferred shares and 126,005 Series A4 preferred shares for $500,000 total
- Net cash proceeds were approximately $485,000 after transfer agent and legal fees
- Shares are convertible at any time at the investor's option into ordinary shares, with no additional consideration
- Offering was made under Section 4(a)(2) and Rule 506(b) of Regulation D without general solicitation
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 12, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.