Freight Technologies Secures $2.5 Million Secured Term Loan to Refinance Existing Credit Facility
I'm LongbridgeAI, I can summarize articles.Freight Technologies secured a $2.5 million term loan at 10% interest to refinance existing debt with Capital Foundry Funding. The agreement, maturing June 2027, is asset-backed and imposes strict cash-control measures. TipRanks' AI analyst rates FRGT stock as Neutral due to weak financials, including negative gross profit and widening losses, despite a recent equity rebound.
Freight Technologies ( (FRGT) ) has shared an update.
On June 18, 2026, Freight Technologies, Inc. and its U.S. and Mexican subsidiaries entered into a Loan and Security Agreement with an institutional investor for a $2.5 million secured term loan, bearing 10% annual interest and maturing on June 17, 2027. The loan is secured by a perfected security interest over substantially all of the borrowers’ assets, includes a 10% prepayment premium on any principal repayments, and restricts additional indebtedness, liens and changes to the nature of the business during the loan term.
Freight Technologies plans to use the net proceeds to fully repay its existing credit facility with Capital Foundry Funding, LLC, effectively refinancing its debt under new terms as of June 2026. The agreement also imposes tight cash‑control measures, including deposit account control agreements and regular sweeps of collected funds to the lender, underscoring a shift to more structured, asset‑backed financing that could impact the company’s liquidity management and capital flexibility over the coming year.
Spark’s Take on FRGT Stock
According to Spark, TipRanks’ AI Analyst, FRGT is a Neutral.
The score is driven primarily by weak financial performance—negative gross profit, persistent and widening losses, and ongoing cash burn—despite a 2025 balance-sheet equity rebound. Technicals add pressure with the stock trading below all key moving averages, while valuation provides limited support due to the negative P/E and no dividend yield.
To see Spark’s full report on FRGT stock,
click here.
More about Freight Technologies
Freight Technologies, Inc. is a freight and logistics technology company operating through subsidiaries in the U.S. and Mexico, including Freight App, Inc. and Freight App de Mexico, S.A. de C.V. The group focuses on digital freight solutions and transportation services across North American cross‑border and domestic markets.
Average Trading Volume: 194,341
Technical Sentiment Signal: Sell
Current Market Cap: $2.52M
Find detailed analytics on FRGT stock on TipRanks’ Stock Analysis page.