Freight Technologies Soars 39.09% on $20M Crypto Investment

Freight Technologies' stock surged by 39.09% in pre-market trading on May 2, 2025, driven by significant developments in the company's financial strategy.

Freight Technologies has secured a convertible note facility of up to $20 million to purchase Official Trump Tokens ($TRUMP). This funding is part of a strategic move to invest in the cryptocurrency market, with an initial tranche of $1 million already issued and $19 million remaining in capacity. The deal, finalized on April 29, involves the issuance of convertible notes through a facility with an institutional investor. This financial maneuver is aimed at leveraging the potential growth of the TRUMP meme coin, which Freight Technologies sees as a symbolic advocate for U.S.-Mexico tariff concerns.

The company's decision to invest in the TRUMP meme coin reflects its broader strategy to engage with emerging digital assets and capitalize on market trends. This move has been well-received by investors, contributing to the significant pre-market surge in Freight Technologies' stock price. The company's proactive approach to securing funding and investing in high-potential assets positions it favorably in the rapidly evolving financial landscape.