Freight Technologies, Inc. (Nasdaq: FRGT), a logistics management innovation company, announced that it has entered into a convertible note offering agreement with an institutional investor contracted on April 29, 2025, through which the company can obtain up to $20 million. The proceeds of this financing will be used exclusively to purchase the official Trump token TRUMP, making Fr8Tech the first publicly traded company to make TRUMP one of the core of its digital asset strategy.
According to the financing arrangement, the company plans to issue notes with a total principal of $1 million in the initial offering as the first phase, and can withdraw up to an additional $19 million in the future, subject to certain conditions. Following the recent acquisition of FET tokens (currently valued at approximately $8 million as of April 29, 2025), this purchase of official Trump tokens further furthers Fr8Tech's strategy to build a diversified digital asset reserve.
Listed logistics company announces that Freight has raised up to $20 million to purchase TRUMP tokens
2025-05-01 11:44:38
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
