Freight Technologies Announces Acquisition of JAK Solar

Reuters12-16

Freight Technologies Announces Acquisition of JAK Solar

Freight Technologies Inc. has entered into a share purchase agreement to acquire JAK Solar Loans 1 Limited, a company focused on the ownership and servicing of residential solar-related financial contracts in the United States. JAK Solar's platform currently manages 62 active residential solar loans with an aggregate outstanding principal and interest of approximately $1.85 million and a weighted average maturity of 9.6 years. The acquisition is expected to expand Freight Technologies' asset base, strengthen its financial position, and provide recurring, long-duration cash flows supported by a scalable servicing platform. The move aligns with Freight Technologies' strategy of leveraging technology and data to enhance operational efficiency and long-term value creation.

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 GlobeNewswire (Ref. ID: 9602645) on December 16, 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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