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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. 宣布其董事会于 2024 年 1 月 22 日批准了 10:1 的反向股票拆分。反向拆分将于2024年2月5日生效，该公司的普通股将从该日起按拆分调整后的基础上交易。该调整将使已发行普通股的数量从24,429,159股减少至2442,916股。该公司行动旨在提高每股市场价格，以维持Freight Technologies在纳斯达克资本市场的上市。该公司的股票将继续在股票代码 “FRGT” 下交易，但将有一个新的CUSIP号码。股东将不会获得部分股份；相反，如果部分份额大于或等于 10 的持股，则将四舍五入到最接近的整数，如果小于二分之一，则取消。Transhare证券转让和注册处被指定为反向拆分的交易代理人，持有实物股票证书的股东可以联系他们进行调整。
Freight Technologies, Inc. 宣布其董事会于 2024 年 1 月 22 日批准了 10:1 的反向股票拆分。反向拆分将于2024年2月5日生效，该公司的普通股将从该日起按拆分调整后的基础上交易。该调整将使已发行普通股的数量从24,429,159股减少至2442,916股。该公司行动旨在提高每股市场价格，以维持Freight Technologies在纳斯达克资本市场的上市。该公司的股票将继续在股票代码 “FRGT” 下交易，但将有一个新的CUSIP号码。股东将不会获得部分股份；相反，如果部分份额大于或等于 10 的持股，则将四舍五入到最接近的整数，如果小于二分之一，则取消。Transhare证券转让和注册处被指定为反向拆分的交易代理人，持有实物股票证书的股东可以联系他们进行调整。
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