Fr8Tech Secures $20M for $TRUMP Token Acquisition

Freight Technologies, Inc., a logistics management innovation company, has secured up to $20 million in convertible debt financing. This funding is specifically allocated for the acquisition of Official Trump Tokens ($TRUMP), marking a significant move in the company's digital asset strategy. The agreement, signed on April 29, 2025, involves the issuance of convertible notes through a facility with an institutional investor. The initial tranche of notes amounts to $1 million, with an additional $19 million available in subsequent drawdowns, subject to certain conditions.

Javier Selgas, the Chief Executive Officer of Fr8Tech, emphasized the company's mission to promote productive and active commerce between the United States and Mexico. He highlighted the strategic importance of Mexico as the United States' top goods trading partner, underscoring the need for deeper collaboration and mutual respect among trade partners. The acquisition of $TRUMP tokens is seen as a way to diversify Fr8Tech's crypto treasury and advocate for fair, balanced, and free trade between the two nations.

This move follows Fr8Tech's recent acquisition of FET tokens, which are valued at approximately $8 million as of April 29, 2025. The addition of $TRUMP tokens to the company's digital asset portfolio is part of a broader strategy to build a diversified crypto treasury. This strategy aims to leverage the benefits of AI solutions supported by FET tokens while also advocating for fair trade practices.

The financing agreement is part of Fr8Tech's ongoing efforts to optimize and automate the supply chain process through its diverse portfolio of technology-driven solutions. The company offers a range of proprietary platform solutions powered by AI and machine learning, including the Fr8App platform for seamless cross-border shipping, Fr8Now for less-than-truckload shipping, Fr8Fleet for dedicated capacity services, Waavely for ocean freight booking, and Fleet Rocket for transportation management systems. These interconnected products aim to improve matching and operational efficiency within the supply chain ecosystem.

Fr8Tech's forward-looking statements, as outlined in its press release, indicate that the company's actual results may differ from its expectations, estimates, and projections. Factors such as changes in applicable laws, economic conditions, and competitive factors could impact the company's performance. Fr8Tech cautions readers not to rely on these forward-looking statements as predictions of future events, as they involve significant risks and uncertainties.