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Freight Technologies (FRGT) seeks brief extension for Q2 2025 10-Q

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
NT 10-Q

Rhea-AI Filing Summary

Freight Technologies, Inc. has notified the SEC that it will be late filing its Quarterly Report on Form 10-Q for the period ended June 30, 2025. The company says it needs additional time to gather information necessary to complete the report and expects to file within the five-calendar-day extension allowed under Rule 12b-25.

The company also notes it no longer qualifies as a foreign private issuer and has transitioned to U.S. domestic reporting, now using Forms 10-K, 10-Q, 8-K and proxy statements instead of foreign-issuer forms.

Positive

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Negative

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Insights

Freight Technologies requests a short extension to file its Q2 2025 10-Q after moving to U.S. domestic reporting.

Freight Technologies, Inc. has stated it cannot file its Form 10-Q for the quarter ended June 30, 2025 within the normal deadline and has filed a late-filing notice. The company attributes the delay to needing more time to gather information for the quarterly report and indicates it expects to file within the five-day grace period provided by Rule 12b-25.

The company also highlights that it stopped qualifying as a foreign private issuer in December 2024 and has transitioned to the U.S. domestic reporting framework. That shift means using Forms 10-K, 10-Q, 8-K and proxy statements, which can introduce additional process complexity as reporting formats, timelines and internal controls are adjusted.

A single short delay, especially during a reporting framework transition, is often viewed as an operational issue rather than a fundamental one, though some investors may view any late filing as a modest governance negative. Subsequent filings, including the eventual Q2 2025 Form 10-Q and future periodic reports, will provide more insight into whether the delay is an isolated timing matter or part of a broader pattern.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 12b-25

 

SEC File Number 001-38172

 

CUSIP Number G51413147

 

NOTIFICATION OF LATE FILING

 

(Check One): ☐ Form 10-K ☐ Form 20-F ☐ Form 11-K
  ☒Form 10-Q ☐ Form 10-D ☐ Form N-CEN ☐ Form N-CSR

 

  For Period Ended: June 30, 2025
   
  ☐ Transition Report on Form 10-K
  ☐ Transition Report on Form 20-F
  ☐ Transition Report on Form 11-K
  ☐ Transition Report on Form 10-Q
   
  For Transition Period Ended: ___________________________________

 

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

 

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

 

PART I – REGISTRANT INFORMATION
 
Freight Technologies, Inc.
Full Name of Registrant
 
(1)Hudson Capital Inc., and (2) China Internet Nationwide Financial Services, Inc.
Former Name if Applicable
 
2001 Timberloch Place, Suite 500
Address of Principal Executive Office (Street and Number)
 
The Woodlands, TX 77380
City, State and Zip Code

 

 

 

 

 

 

PART II – RULES 12b-25(b) AND (c)

 

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate.)

 

  (a) The reason described in reasonable detail in Part III of this Form could not be eliminated without unreasonable effort or expense;
     
(b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
     
  (c) The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

 

PART III – NARRATIVE

 

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

 

Freight Technologies, Inc. (the “Company”) has determined that it is unable to file its Quarterly Report on Form 10-Q for the period ended June 30, 2025 (the “Quarterly Report”) within the prescribed time period without unreasonable effort and expense, as it requires additional time to gather necessary information for the preparation of such Quarterly Report. The Company currently expects to file the Quarterly Report within the extension period of five calendar days permitted under Rule 12b-25 of the Securities Exchange Act of 1934, as amended.

 

PART IV – OTHER INFORMATION

 

(1) Name and telephone number of person to contact in regard to this notification

 

Donald Quinby   (773)   905-5076
(Name)   (Area Code)   (Telephone Number)

 

(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). Yes ☐ No ☒

 

As previously disclosed in the Company’s Current Report on Form 8-K, on December 4, 2024, the Company determined that it no longer qualified as a “foreign private issuer” under the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”). As a result, the Company has begun filing Current Reports on Form 8-K, Annual Report on Form 10-K for the fiscal year ended December 31, 2024, Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025 and will commence filing proxy statements for shareholder meetings, as applicable to a domestic U.S. reporting company.

 

(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? Yes ☐ No ☒

 

If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

 

Note Regarding Forward-Looking Statements

 

This Notification of Late Filing on Form 12b-25 contains certain “forward-looking statements.” All statements other than statements of historical facts are forward-looking statements. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “predict,” “project,” “will,” or “would” or the negative thereof or other variations thereof or comparable terminology. These forward-looking statements are based on the Company’s current beliefs, assumptions and expectations regarding future events, which in turn are based on information currently available to the Company. Such forward-looking statements include statements regarding the anticipated timing of completion of the Company’s financial statements for the fiscal year ended December 31, 2024. These forward-looking statements are subject to a number of factors and uncertainties that could cause the Company’s actual results, performance, liquidity or achievements to differ materially from those expressed in or contemplated by the forward-looking statements. Such factors include, but are not limited to, the risk that additional or different information may become known prior to the expected filing of the periodic report described herein. Other risk factors affecting the Company are discussed in the Company’s filings with the SEC available at www.sec.gov. The Company cautions you that the list of risk factors included in the Company’s SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this Notification of Late Filing on Form 12b-25 may not in fact occur. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as otherwise required by law.

 

 

 

 

Freight Technologies, Inc.

(Name of Registrant as Specified in Charter)

 

has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.

 

Dated: August 14, 2025 By: /s/ Javier Selgas
    Javier Selgas
    Chief Executive Officer

 

 

 

 

FAQ

Why did Freight Technologies (FRGT) file a late notice for its Q2 2025 10-Q?

The company says it cannot file its Quarterly Report on Form 10-Q for the period ended June 30, 2025 within the normal deadline because it needs additional time to gather necessary information for preparation of the report.

When does Freight Technologies expect to file its delayed Q2 2025 Form 10-Q?

Freight Technologies states that it currently expects to file the Quarterly Report within the five-calendar-day extension period permitted under Rule 12b-25 of the Securities Exchange Act of 1934.

What change in reporting status did Freight Technologies (FRGT) disclose?

The company previously determined that it no longer qualified as a "foreign private issuer" under SEC rules as of December 4, 2024 and has transitioned to reporting as a domestic U.S. company.

How does the loss of foreign private issuer status affect Freight Technologies’ SEC filings?

After losing foreign private issuer status, Freight Technologies began filing Current Reports on Form 8-K, an Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and will commence filing proxy statements for shareholder meetings, consistent with U.S. domestic issuer requirements.

Does Freight Technologies mention any specific financial issues causing the 10-Q delay?

The company attributes the delay to the need for additional time to gather necessary information for preparing the Quarterly Report and does not describe specific financial issues in this notice.

What forward-looking statement caution does Freight Technologies provide in this late filing notice?

The company notes that statements about the anticipated timing of completion of its financial statements are forward-looking and subject to risks and uncertainties, including the possibility that additional or different information may become known before the periodic report is filed.