FRGT · Freight Technologies, Inc.

Summary

Freight Technologies, Inc. released unaudited pro forma condensed combined financial statements related to its acquisition of JAK Solar Loans 1 Limited, completed on December 31, 2025, via issuance of 5,500,000 Series C preferred shares. The pro forma balance sheet as of September 30, 2025 shows combined total assets of $17,530,007 and provides statements of operations as if the acquisition occurred on January 1, 2024.

Key takeaways

• Acquisition of all equity interests in JAK Solar Loans 1 Limited closed on December 31, 2025
• Issued 5,500,000 Series C preferred shares, par value $0.0001, to seller DIP SPV I, L.P.
• Pro forma combined total assets $17,530,007 as of September 30, 2025
• Pro forma combined net loss $5,567,831 for year ended December 31, 2024
• Pro forma combined net loss $4,332,611 for nine months ended September 30, 2025
• JAK Solar portfolio of residential solar-related financial contracts expected to contribute recurring cash flows