Freight Technologies Announces 1-for-5 Reverse Stock Split

Reuters12-11 22:01

Freight Technologies Announces 1-for-5 Reverse Stock Split

Freight Technologies Inc. has announced a 1-for-5 reverse stock split of its ordinary shares, reducing the number of outstanding shares from approximately 7.82 million to 1.56 million. The shares will begin trading on a split-adjusted basis on December 15, 2025, under the same Nasdaq symbol "FRGT" but with a new CUSIP number. The move aims to increase the share price to meet Nasdaq's minimum bid requirement. No fractional shares will be issued, with adjustments made to round up or cancel fractions as applicable.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Freight Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-027170), on December 11, 2025, and is solely responsible for the information contained therein.

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