Freight Technologies (FRGT) Seals Fetch AI Deal and $1M Financing as Zayren Launch Supercharges Volatile Rally
Freight Technologies, Inc. (NASDAQ: FRGT), 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 (Fetch AI), 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 The moves cap a whirlwind 48 hours that have sent FRGT shares swinging wildly, with intraday gains of