Listed logistics company announced that Freight has received up to US$20 million in financing to purchase TRUMP tokens "
Online report, Logistics Management Innovation Company Freight Technologies, Inc. (Nasdaq:FRGT) announced that it has entered into a convertible note issuance agreement with an institutional investor signed on April 29, 2025, through which the company can obtain up to US$20 million in funding. The proceeds from this financing will be earmarked for the purchase of the official Trump token TRUMP, making Fr8 Tech one of the first listed companies to make TRUMP one of the cores of its digital asset strategy. According to this financing arrangement, the company plans to issue notes with a total principal amount of US$1 million in the initial issuance as the first tranche, and can subsequently withdraw an additional amount of up to US$19 million under certain conditions. Following the recent acquisition of FET tokens (currently valued at approximately $8 million as of April 29, 2025), this purchase of official Trump tokens further advances Fr8 Tech's strategy to build a diversified digital asset reserve.
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