Freight Technologies, Inc. has entered into a significant financial agreement with Freight Opportunities LLC, securing a term loan of $750,000 on March 11, 2024. The loan, which carries an 8% annual interest rate, is set for a one-year period and can be prepaid without penalty. The agreement stipulates that should Freight Technologies raise capital through equity or securities sales, the net proceeds must be used to repay the loan. The Term Note issued to Freight Opportunities LLC is unregistered, relying on exemptions from registration under the Securities Act, specifically Section 4(a)(2) and Regulation D. This strategic financial move is detailed in the company's Form 6-K filed with the SEC for March 2024, which includes the full text of the Term Note Purchase Agreement and the Term Note as exhibits.

Freight Technologies, Inc. has entered into a significant financial agreement with Freight Opportunities LLC, securing a term loan of $750,000 on March 11, 2024. The loan, which carries an 8% annual interest rate, is set for a one-year period and can be prepaid without penalty. The agreement stipulates that should Freight Technologies raise capital through equity or securities sales, the net proceeds must be used to repay the loan. The Term Note issued to Freight Opportunities LLC is unregistered, relying on exemptions from registration under the Securities Act, specifically Section 4(a)(2) and Regulation D. This strategic financial move is detailed in the company's Form 6-K filed with the SEC for March 2024, which includes the full text of the Term Note Purchase Agreement and the Term Note as exhibits.