Freight Technologies Secures up to USD $20 Million to Create an Official Trump Token ($TRUMP) Treasury
Freight Technologies (Nasdaq: FRGT) has secured a convertible note facility of up to $20 million to purchase Official Trump Tokens ($TRUMP). The agreement, signed on April 29, 2025, starts with an initial $1 million tranche, with potential for $19 million in subsequent drawdowns.
This strategic move follows Fr8Tech's recent acquisition of FET tokens, valued at approximately $8 million, as part of its digital asset treasury diversification strategy. CEO Javier Selgas emphasized the company's commitment to promoting US-Mexico trade relations, noting Mexico's position as the United States' top trading partner.
The investment in $TRUMP tokens positions Fr8Tech as one of the first public companies to integrate these digital assets into its treasury strategy. The company aims to leverage this investment alongside its FET token holdings and AI solutions to enhance its technology development and advocate for balanced trade between the US and Mexico.
Freight Technologies (Nasdaq: FRGT) ha ottenuto una linea di credito convertibile fino a 20 milioni di dollari per l'acquisto di Official Trump Tokens ($TRUMP). L'accordo, firmato il 29 aprile 2025, prevede una prima tranche iniziale di 1 milione di dollari, con la possibilità di ulteriori prelievi per un totale di 19 milioni.
Questa mossa strategica segue l'acquisizione recente da parte di Fr8Tech di token FET, valutati circa 8 milioni di dollari, nell'ambito della sua strategia di diversificazione del tesoro in asset digitali. Il CEO Javier Selgas ha sottolineato l'impegno dell'azienda nel promuovere le relazioni commerciali tra Stati Uniti e Messico, evidenziando il ruolo del Messico come principale partner commerciale degli Stati Uniti.
L'investimento nei token $TRUMP posiziona Fr8Tech tra le prime società quotate a integrare questi asset digitali nella propria strategia di tesoreria. L'azienda punta a sfruttare questo investimento insieme alle sue partecipazioni in token FET e alle soluzioni di intelligenza artificiale per potenziare lo sviluppo tecnologico e sostenere un commercio equilibrato tra USA e Messico.
Freight Technologies (Nasdaq: FRGT) ha asegurado una línea de notas convertibles por hasta 20 millones de dólares para comprar Official Trump Tokens ($TRUMP). El acuerdo, firmado el 29 de abril de 2025, comienza con un tramo inicial de 1 millón de dólares, con potencial para 19 millones adicionales en futuros desembolsos.
Esta estrategia sigue a la reciente adquisición por parte de Fr8Tech de tokens FET, valorados en aproximadamente 8 millones de dólares, como parte de su estrategia de diversificación de activos digitales en su tesorería. El CEO Javier Selgas destacó el compromiso de la empresa para fomentar las relaciones comerciales entre EE.UU. y México, señalando que México es el principal socio comercial de Estados Unidos.
La inversión en tokens $TRUMP posiciona a Fr8Tech como una de las primeras empresas públicas en integrar estos activos digitales en su estrategia de tesorería. La compañía busca aprovechar esta inversión junto con sus tenencias en tokens FET y soluciones de IA para potenciar su desarrollo tecnológico y promover un comercio equilibrado entre EE.UU. y México.
Freight Technologies (나스닥: FRGT)는 Official Trump Tokens($TRUMP) 구매를 위해 최대 2,000만 달러의 전환사채 시설을 확보했습니다. 2025년 4월 29일에 체결된 이 계약은 초기 100만 달러의 트랜치를 시작으로, 이후 최대 1,900만 달러까지 추가 인출이 가능합니다.
이 전략적 조치는 Fr8Tech가 최근 약 800만 달러 상당의 FET 토큰을 인수한 것에 이은 것으로, 디지털 자산 자금 운용 다변화 전략의 일환입니다. CEO 하비에르 셀가스는 멕시코가 미국의 최대 교역국임을 강조하며 미-멕시코 무역 관계 증진에 대한 회사의 의지를 밝혔습니다.
$TRUMP 토큰에 대한 투자는 Fr8Tech를 이 디지털 자산을 자금 운용 전략에 통합한 최초의 상장 기업 중 하나로 자리매김하게 합니다. 회사는 FET 토큰 보유 및 AI 솔루션과 함께 이 투자를 활용해 기술 개발을 강화하고 미국과 멕시코 간 균형 잡힌 무역을 촉진하려고 합니다.
Freight Technologies (Nasdaq : FRGT) a obtenu une facilité de billets convertibles pouvant aller jusqu'à 20 millions de dollars pour l'achat d'Official Trump Tokens ($TRUMP). L'accord, signé le 29 avril 2025, commence par une tranche initiale de 1 million de dollars, avec un potentiel de tirages supplémentaires pouvant atteindre 19 millions de dollars.
Cette démarche stratégique fait suite à l'acquisition récente par Fr8Tech de tokens FET, évalués à environ 8 millions de dollars, dans le cadre de sa stratégie de diversification de trésorerie en actifs numériques. Le PDG Javier Selgas a souligné l'engagement de l'entreprise à promouvoir les relations commerciales entre les États-Unis et le Mexique, notant que le Mexique est le principal partenaire commercial des États-Unis.
L'investissement dans les tokens $TRUMP positionne Fr8Tech comme l'une des premières sociétés cotées à intégrer ces actifs numériques dans sa stratégie de trésorerie. L'entreprise vise à tirer parti de cet investissement, ainsi que de ses avoirs en tokens FET et de ses solutions d'IA, pour renforcer son développement technologique et promouvoir un commerce équilibré entre les États-Unis et le Mexique.
Freight Technologies (Nasdaq: FRGT) hat eine Wandelanleihe über bis zu 20 Millionen US-Dollar gesichert, um Official Trump Tokens ($TRUMP) zu kaufen. Die am 29. April 2025 unterzeichnete Vereinbarung beginnt mit einer anfänglichen Tranche von 1 Million US-Dollar, mit der Möglichkeit weiterer Auszahlungen von bis zu 19 Millionen US-Dollar.
Dieser strategische Schritt folgt auf den kürzlichen Erwerb von FET-Token durch Fr8Tech im Wert von etwa 8 Millionen US-Dollar, im Rahmen der Diversifizierungsstrategie des digitalen Asset-Portfolios. CEO Javier Selgas betonte das Engagement des Unternehmens zur Förderung der Handelsbeziehungen zwischen den USA und Mexiko und verwies auf Mexikos Rolle als wichtigster Handelspartner der USA.
Die Investition in $TRUMP-Token positioniert Fr8Tech als eines der ersten börsennotierten Unternehmen, das diese digitalen Assets in seine Treasury-Strategie integriert. Das Unternehmen plant, diese Investition zusammen mit seinen FET-Token-Beständen und KI-Lösungen zu nutzen, um die technologische Entwicklung voranzutreiben und einen ausgewogenen Handel zwischen den USA und Mexiko zu fördern.
- Secured up to $20M in convertible note financing
- Currently holds ~$8M worth of FET tokens in treasury as of April 29, 2025
- Strategic expansion into digital assets with $TRUMP and FET tokens
- Strong positioning in US-Mexico trade as Mexico is US's top trading partner
- Initial drawdown limited to only $1M of the $20M facility
- Additional $19M subject to certain undisclosed conditions
- Potential shareholder dilution from convertible notes
- Significant exposure to volatile crypto assets in treasury
Insights
Fr8Tech's $20M convertible note to buy $TRUMP tokens represents significant strategic shift from logistics tech to cryptocurrency holdings.
Freight Technologies has secured a convertible note facility of up to
The company's balance sheet is undergoing a notable transformation with these cryptocurrency investments now representing a significant portion of their financial assets. While the full terms of the convertible notes aren't disclosed, this financing structure typically adds debt obligations and may lead to equity dilution upon conversion, depending on the specific terms.
Fr8Tech is explicitly connecting this investment to their focus on US-Mexico trade relations, with CEO Javier Selgas referencing Treasury Secretary Scott Bessent's statement that "America First does not mean America alone." However, the direct operational connection between holding $TRUMP tokens and enhancing logistics technology solutions remains unclear from the announcement.
This diversification into cryptocurrency assets marks a substantial strategic pivot that merits attention. The company now has exposure to two different token assets: FET, which they connect to their AI development efforts, and $TRUMP, which they position as advocating for "fair, balanced, and free trade between Mexico and the US." This creates a hybrid business model combining logistics technology with significant cryptocurrency holdings.
Fr8Tech becomes first public company strategically investing in $TRUMP tokens, creating unusual corporate treasury strategy with politically-affiliated cryptocurrency.
Fr8Tech's decision to raise up to
While some corporations have added Bitcoin or stablecoins to their treasuries as inflation hedges or for operational purposes, Fr8Tech is creating a concentrated position in a politically-affiliated token with relatively limited market history. This follows their existing
The company frames this investment as supporting their technology development and trade advocacy. However, unlike their FET tokens, which they explicitly connect to AI technology development, the operational integration of $TRUMP tokens with their logistics platform remains undefined in the announcement.
From a blockchain strategy perspective, this move positions Fr8Tech not just as a technology developer but as a significant holder of cryptocurrency assets. The company is effectively creating exposure to digital asset markets alongside their logistics technology business, with cryptocurrency holdings becoming an increasingly substantial component of their financial position.
-Capital dedicated for the strategic accumulation of Official Trump ($TRUMP) cryptocurrency-
-Creates diversified crypto treasury strategy alongside recent purchase of FET tokens-
HOUSTON, April 30, 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, today announced that it has entered into an agreement for the issuance of convertible notes (the “Agreement”) through a facility of up to USD
Javier Selgas, Chief Executive Officer of Fr8Tech added, “At the heart of Fr8Tech’s mission is the promotion of productive and active commerce between the United States and Mexico. Mexico is the United States’ top goods trading partner, with Mexico being the leading destination for US exports and the top source for US imports. As US Treasury Secretary Scott Bessent recently stated, ‘I wish to be clear: America First does not mean America alone. To the contrary, it is a call for deeper collaboration and mutual respect among trade partners.’”
“The recent acquisition of FET Tokens to our treasury combined with the AI solutions FET supports, continues to help us develop our technology. We believe that the addition of the Official Trump tokens are an excellent way to diversify our crypto treasury, and also an effective way to advocate for fair, balanced, and free trade between Mexico and the US.”
Pursuant to the financing, the Company intends to initially issue notes in the aggregate principal amount of USD
The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Company’s current report on Form 8-K dated April 30, 2025, announcing the execution of the Agreement.
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 and Fleet Rocket a nimble, scalable and cost-effective Transportation Management System (TMS) for brokers, shippers, and other logistics operator. Each product is interconnected within a unified platform to connect carriers and shippers and significantly improve matching and operation efficiency such as live pricing and real-time tracking, digital freight marketplace, brokerage support, transportation management, fleet management, and committed capacity solutions. The company is headquartered in Houston, Texas. For more information, please visit fr8technologies.com.
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
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