Freight Technologies Acquires JAK Solar Loans 1 Limited for Preferred Shares

Reuters12-13 05:31

Freight Technologies Acquires JAK Solar Loans 1 Limited for Preferred Shares

Freight Technologies, Inc. has entered into a share purchase agreement to acquire all issued and outstanding shares of JAK Solar Loans 1 Limited from DIP SPV I, L.P. In exchange, DIP SPV I, L.P. will receive a new series of convertible preferred shares in Freight Technologies, Inc., designated as Series C-1 preferred shares. The closing of the transaction is expected to occur no later than December 31, 2025, subject to the satisfaction or waiver of certain conditions. JAK Solar Loans 1 Limited currently owns a portfolio of 62 active assets.

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: 0001493152-25-027503), on December 12, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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