TechFlow news, May 1 — According to Globenewswire, Freight Technologies, Inc. (Nasdaq: FRGT), a logistics management innovation company, announced it has entered into a convertible note issuance agreement with an institutional investor on April 29, 2025, allowing the company to raise up to $20 million in funding. The proceeds will be specifically used to purchase the official Trump token TRUMP, making Fr8Tech one of the first publicly traded companies to incorporate TRUMP as a core component of its digital asset strategy.
Under this financing arrangement, the company plans to issue notes totaling $1 million in principal amount in the initial tranche, with the potential to draw down up to an additional $19 million based on specific conditions. Following its recent acquisition of FET tokens (valued at approximately $8 million as of April 29, 2025), this purchase of the official Trump token further advances Fr8Tech’s strategy of building a diversified digital asset reserve.
