Freight Technologies, Inc. (FRGT) Executes Reverse Stock Split

• Freight Technologies, Inc. (NASDAQ:FRGT), also known as Fr8Tech, has executed a reverse stock split at a ratio of 4 for 1 to increase its per-share price and attract more investors.
• The reverse stock split reduced the number of outstanding shares from approximately 9.1 million to about 2.3 million.
• Despite the reverse stock split, FRGT's stock price has decreased by approximately 10.86%, indicating significant volatility in its trading performance.

Freight Technologies, Inc. (Nasdaq: FRGT), commonly known as Fr8Tech, is a company that operates in the logistics and freight technology sector. It focuses on providing innovative solutions to improve the efficiency and effectiveness of freight transportation. Fr8Tech competes with other logistics technology companies in the market, striving to offer superior services and technology to its clients.

On May 27, 2025, Fr8Tech executed a reverse stock split at a ratio of 4 for 1. This means that for every four shares an investor held before the split, they now hold one share. The board of directors approved this decision, which reduced the number of outstanding shares from approximately 9.1 million to about 2.3 million. This move is often used by companies to increase the per-share price and attract more investors.

Despite the reverse stock split, FRGT's stock price is currently $2.39, reflecting a decrease of approximately 10.86% with a change of $0.2912. The stock has experienced fluctuations, with a low of $2.21 and a high of $2.68 today.

The company's market capitalization is approximately $21.86 million, which is the total market value of its outstanding shares. This figure is calculated by multiplying the current share price by the total number of outstanding shares. The trading volume on the NASDAQ exchange is 429,572 shares, showing the level of investor interest and activity in the stock.

Following the reverse stock split, FRGT will continue to trade on the Nasdaq Capital Market under the symbol "FRGT" but with a new CUSIP number: G51413147. The split-adjusted trading will begin on May 27, 2025, as highlighted by the company's announcement. This change is part of Fr8Tech's strategy to enhance its stock's appeal to investors and improve its market position.