Business Context and Reporting Period
This Form 6-K filing by Hudson Capital Inc. (not Freight Technologies, Inc.) covers the month of December 2021. The report discloses the entry into a definitive material agreement involving a securities purchase.
Key Financial Metrics
The filing does not provide standard financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on a specific capital transaction.
Material Changes and Transactions
- Initial Agreement: On December 13, 2021, Hudson Capital entered into a securities purchase agreement with ATW Opportunities Master Fund, L.P. to sell a pre-funded warrant for $862,000 to purchase 431,000 ordinary shares.
- Amendment: On December 16, 2021, the parties executed Amendment No. 1 to the agreement.
- Revised Terms: The subscription amount was increased to $2,355,000, and the warrant was amended to purchase 1,177,500 ordinary shares.
- Closing Condition: The amendment stipulates that the closing of the securities purchase must occur before the Merger.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. The primary contingency noted is that the closing of the transaction is subject to customary closing conditions and must precede the Merger.
Investor Verification Checklist
- Verify the final closing status of the $2,355,000 securities purchase with ATW Opportunities Master Fund, L.P.
- Confirm the timeline and status of the referenced "Merger" to ensure the transaction closing condition is met.
- Review the full text of Amendment No. 1 (Exhibit 10.1) and the Pre-funded Warrant (Exhibit 10.2) for additional covenants or restrictions.
- Note the discrepancy between the requested company name (Freight Technologies, Inc.) and the actual registrant (Hudson Capital Inc.).