Freight Technologies (FRGT) Seals Fetch AI Deal and $1M Financing as Zayren Launch Supercharges Volatile Rally
Freight Technologies announced a multi-year AI services deal with Fetch Compute and launched its new Zayren platform, triggering FRGT shares to surge over 70% intraday Wednesday. The company issued $1 million in convertible notes and canceled a prior $5.2 million FET token agreement, including returning 11.3 million tokens. Fetch will receive equity and usage credits as part of the new AI partnership.