Business Context and Reporting Period
This Form 6-K filing by Freight Technologies, Inc. (FRGT) covers the month of December 2025. The report details a corporate action approved by the Board of Directors on November 12, 2025, regarding a reverse stock split.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on capital structure changes.
Material Changes
- Reverse Stock Split: A 1-for-5 reverse split of ordinary shares was approved.
- Share Count Reduction: Outstanding shares will decrease from 7,821,228 to 1,564,246.
- Trading Details: Shares will trade on a split-adjusted basis on the Nasdaq Capital Market starting December 15, 2025, under the symbol "FRGT" with a new CUSIP number (G51413154).
- Fractional Shares: No fractional shares will be issued. Holders with fractional shares less than one-half will have them cancelled; those with one-half or more will be rounded up to the next whole share.
Guidance, Outlook, and Risks
Purpose: The reverse split is intended to increase the per-share trading price to satisfy the $1.00 minimum bid price requirement for continued listing on the Nasdaq.
Authorized Shares: The total number of authorized ordinary shares remains unaffected by this action.
Transfer Agent: Transhare Corporation will act as the exchange agent.
Investor Verification Checklist
- Verify the effective trading date of the reverse split (December 15, 2025).
- Confirm the new CUSIP number (G51413154) for brokerage account updates.
- Check current shareholdings to determine if fractional share rounding rules apply.
- Monitor the stock price post-split to ensure compliance with the $1.00 Nasdaq minimum bid requirement.