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Freight Technologies, Inc. has announced a 10:1 reverse stock split approved by its board of directors on January 22, 2024. The reverse split will take effect on February 5, 2024, with the company's ordinary shares trading on a split-adjusted basis from that date. The adjustment will reduce the number of outstanding ordinary shares from 24,429,159 to 2,442,916. This corporate action aims to elevate the market price per share to maintain Freight Technologies' listing on the NASDAQ Capital Market. The company's shares will continue trading under the ticker 'FRGT' but will have a new CUSIP number. Shareholders will not receive fractional shares; instead, holdings not evenly divisible by 10 will be rounded up to the nearest whole share if the fractional share is one-half or more, or cancelled if less than one-half. Transhare Securities Transfer and Registrar is appointed as the exchange agent for the reverse split, and shareholders with physical stock certificates can contact them for adjustments.
Freight Technologies, Inc. has announced a 10:1 reverse stock split approved by its board of directors on January 22, 2024. The reverse split will take effect on February 5, 2024, with the company's ordinary shares trading on a split-adjusted basis from that date. The adjustment will reduce the number of outstanding ordinary shares from 24,429,159 to 2,442,916. This corporate action aims to elevate the market price per share to maintain Freight Technologies' listing on the NASDAQ Capital Market. The company's shares will continue trading under the ticker 'FRGT' but will have a new CUSIP number. Shareholders will not receive fractional shares; instead, holdings not evenly divisible by 10 will be rounded up to the nearest whole share if the fractional share is one-half or more, or cancelled if less than one-half. Transhare Securities Transfer and Registrar is appointed as the exchange agent for the reverse split, and shareholders with physical stock certificates can contact them for adjustments.
Freight Technologies, Inc. 宣佈其董事會於 2024 年 1 月 22 日批准了 10:1 的反向股票拆分。反向拆分將於2024年2月5日生效，該公司的普通股將從該日起按拆分調整後的基礎上交易。該調整將使已發行普通股的數量從24,429,159股減少至2442,916股。該公司行動旨在提高每股市場價格，以維持Freight Technologies在納斯達克資本市場的上市。該公司的股票將繼續在股票代碼 “FRGT” 下交易，但將有一個新的CUSIP號碼。股東將不會獲得部分股份；相反，如果部分份額大於或等於 10 的持股，則將四捨五入到最接近的整數，如果小於二分之一，則取消。Transhare證券轉讓和註冊處被指定爲反向拆分的交易代理人，持有實物股票證書的股東可以聯繫他們進行調整。
Freight Technologies, Inc. 宣佈其董事會於 2024 年 1 月 22 日批准了 10:1 的反向股票拆分。反向拆分將於2024年2月5日生效，該公司的普通股將從該日起按拆分調整後的基礎上交易。該調整將使已發行普通股的數量從24,429,159股減少至2442,916股。該公司行動旨在提高每股市場價格，以維持Freight Technologies在納斯達克資本市場的上市。該公司的股票將繼續在股票代碼 “FRGT” 下交易，但將有一個新的CUSIP號碼。股東將不會獲得部分股份；相反，如果部分份額大於或等於 10 的持股，則將四捨五入到最接近的整數，如果小於二分之一，則取消。Transhare證券轉讓和註冊處被指定爲反向拆分的交易代理人，持有實物股票證書的股東可以聯繫他們進行調整。
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