Freight Technologies (FRGT) Seals Fetch AI Deal and $1M Financing as Zayren Launch Supercharges Volatile Rally
Freight Technologies, Inc., the AI‑driven logistics platform known as Fr8Tech, is doubling down on its artificial intelligence strategy and reshaping its balance sheet after a dramatic stock surge. On Thursday, the company announced a multi‑year AI services agreement with Fetch Compute, detailed a new $1 million senior convertible note financing, and unwound a prior $5.2 million FET token deal – all just one day after the commercial launch of its new AI pricing and carrier‑matching platform, Zayren. GlobeNewswire+2SEC+2