Freight Technologies Announces Deal to Acquire JAK Solar
Rhea-AI Summary
Freight Technologies (Nasdaq: FRGT) entered a share purchase agreement to acquire JAK Solar Loans 1 Limited, a platform owning and servicing U.S. residential solar loans.
As of Nov 30, 2025, JAK Solar held 62 active performing loans with aggregate outstanding principal and interest of approx. $1.85 million and a weighted average maturity of 9.6 years. JAK Solar reported unaudited gross cash receipts of $314,810 for 2024 and $246,587 for the nine months ended Sep 30, 2025, with limited historical write-offs.
The company said the deal will expand Fr8Tech’s asset base, add long‑duration recurring cash flows, strengthen the balance sheet, and improve operating cash flow while fitting its capital allocation framework.
Positive
- 62 performing loans added to asset base
- Aggregate principal and interest of $1.85M
- Weighted average maturity of 9.6 years supports long‑duration cash flows
- Unaudited gross cash receipts: $314,810 (2024) and $246,587 (9M 2025)
- Scalable servicing platform designed to support additional assets
Negative
- Acquired portfolio size is modest at $1.85M outstanding
- Reported cash receipts are limited: $246,587 for first nine months of 2025
Key Figures
Market Reality Check
Peers on Argus 1 Up
Among high-affinity peers, most showed negative moves earlier (e.g., MYSZ -2.63%, TGL -27.62%, QH -14.19%), while the momentum scanner only flagged QH moving up 4.51%, pointing to mixed, stock-specific trading rather than a unified sector trend.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 11 | Q3 2025 earnings | Positive | -10.1% | Reported smaller operating loss and updated 2025 revenue and loss guidance. |
| Dec 05 | Fintech partnership | Positive | +6.8% | Integrated Fleet Rocket TMS with Solvento for invoicing and payments workflows. |
| Nov 20 | AI services deal | Positive | -5.6% | Multi-year Fetch Compute agreement to support AI automation in logistics. |
| Nov 19 | AI platform launch | Positive | +36.3% | Commercial launch of Zayren AI platform for rate prediction and carrier matching. |
| Oct 27 | TMS feature expansion | Positive | +5.1% | Added 23 GPS provider integrations to Fleet Rocket TMS Fr8Radar module. |
Recent FRGT news often drew strong reactions: AI/platform launches and partnerships tended to align positively with price, while earnings and some AI agreements saw negative divergence.
Over the past few months, Freight Technologies has focused on AI-driven logistics and platform enhancements. On Oct 27, it expanded Fleet Rocket TMS with 23 new GPS integrations, followed by the Nov 19 commercial launch of Zayren, an AI pricing and carrier-matching platform. Subsequent AI and financial partnerships, plus Q3 2025 results with improved operating losses and $12M–$14M revenue guidance, show a shift toward software, data, and financing solutions. Today’s acquisition of JAK Solar adds a different, recurring cash-flow asset layer to that evolution.
Market Pulse Summary
This announcement adds a new asset dimension to FRGT via JAK Solar’s portfolio of 62 active U.S. residential solar loans with about $1.85 million in principal and interest and a 9.6-year weighted average maturity. Unaudited gross cash receipts of $314,810 in 2024 and $246,587 for the first nine months of 2025 highlight recurring inflows. In context of FRGT’s recent AI and logistics platform push, investors may watch how these contracted, long-duration assets influence cash flow trends, leverage, and capital allocation decisions over time.
Key Terms
non-gaap financial
AI-generated analysis. Not financial advice.
Broadens Asset Base | Enhances Financial Flexibility | Adds Recurring Cash Flows
HOUSTON, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT, “Fr8Tech” or the “Company”), a logistics management innovation company offering a diverse portfolio of technology-driven solutions, announced that it has entered into a share purchase agreement to acquire JAK Solar Loans 1 Limited (“JAK Solar”).
JAK Solar operates a scalable platform focused on the ownership and servicing of residential solar-related financial contracts, supported by established servicing arrangements and predictable payment structures. As of November 30, 2025, JAK Solar owned a portfolio of 62 active and performing U.S.-based residential solar loans with aggregate outstanding principal and interest through maturity of approximately
Upon closing, the acquisition will expand Freight Technologies’ asset base through Jak Solar’s portfolio of contracted, long-duration financial assets tied to residential renewable energy systems. The Company expects the transaction to strengthen its balance sheet, improve operating cash flows, and enhance overall financial flexibility, while remaining aligned with Fr8Tech’s disciplined capital allocation framework.
“This acquisition will provide Freight Technologies with long-duration, recurring cash flows supported by a scalable servicing platform,” said Javier Selgas, Chief Executive Officer of Freight Technologies. “It will strengthen our financial position and create strategic flexibility as we continue to evaluate opportunities that support sustainable growth and long-term shareholder value.”
For the year ended December 31, 2024, and the nine months ended September 30, 2025, JAK Solar generated unaudited gross cash receipts (a non-GAAP measure) of approximately
Freight Technologies continues to execute on its strategy of leveraging technology, data, and intelligent systems to support operational efficiency and long-term value creation, while selectively deploying capital into opportunities that enhance resilience, scalability, and performance.
About Freight Technologies Inc.
Freight Technologies (Nasdaq: FRGT) (“Fr8Tech") is a technology company offering a diverse portfolio of proprietary platform solutions powered by AI and machine learning to optimize and automate the supply chain process. Focused on addressing the distinct challenges within the supply chain ecosystem, the Company’s portfolio of solutions includes the Fr8App platform for seamless OTR B2B cross-border shipping across the USMCA region; Fr8Now, a specialized service for less-than-truckload (LTL) shipping; Fr8Fleet, a dedicated capacity service for enterprise clients in Mexico; Waavely, a digital platform for efficient ocean freight booking and management of container shipments between North America and ports worldwide, Fleet Rocket a nimble, scalable and cost-effective Transportation Management System (TMS) for brokers, shippers, and other logistics operators, and Zayren, an AI based, machine learning pricing-prediction tool and carrier-matching platform designed specifically for cross-border and domestic OTR freight shipments across Mexico and the United States. Together, each product is interconnected within a unified platform to network carriers and shippers and significantly improve matching and operation efficiency via innovative technologies such as live pricing and real-time tracking, digital freight marketplace, brokerage support, transportation management, fleet management, and committed capacity solutions. For more information, please visit fr8technologies.com.
About JAK Solar
JAK Solar is an integrated and scalable business that manages and services residential solar loans with a portfolio of 62 active and performing U.S.-based residential solar power system loans with an aggregate outstanding principal and interest through maturity of more than
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Fr8Tech’s and Fr8App Inc.’s actual results may differ from their expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements.
These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Fr8Tech’s and Fr8App Inc.’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the inability to obtain or maintain the listing of Fr8Tech’s ordinary shares on Nasdaq; (2) changes in applicable laws or regulations; (3) the possibility that Fr8Tech or Fr8App Inc. may be adversely affected by other economic, business and/or competitive factors; (4) risks relating to the uncertainty of the projected financial information with respect to Fr8App Inc.; (5) risks related to the organic and inorganic growth of Fr8App Inc.’s business and the timing of expected business milestones; and (6) other risks and uncertainties identified, including those under “Risk Factors,” to be filed in Fr8Tech other filings with the Securities Exchange Commission.
Fr8Tech cautions that the foregoing list of factors is not exclusive. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Fr8Tech and Fr8App Inc. caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Fr8Tech and Fr8App Inc. do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based.
Fr8Tech Contact: Jason Finkelstein IGNITION Investor Relations investors@fr8technologies.com
FAQ
What did Freight Technologies (FRGT) announce on December 16, 2025?
How large is the JAK Solar loan portfolio that FRGT is acquiring?
What cash flow did JAK Solar produce before the acquisition?
How long are the loan maturities in the acquired JAK Solar portfolio?
What strategic benefits did Freight Technologies cite for the JAK Solar acquisition?
