FRGT · Freight Technologies, Inc.

Freight Technologies' 1-for-5 reverse stock split directly addresses Nasdaq Capital Market's $1.00 minimum bid price requirement for continued listing, a critical compliance matter for the logistics technology company. By consolidating every five pre-split Ordinary Shares into one, the Company sharply reduces its outstanding share count from 2,860,626 to 572,125 (approximately 0.57 million excluding options and warrants), aiming to elevate the per-share trading price without altering the total authorized shares. Trading on a split-adjusted basis commences May 18, 2026, under the unchanged ticker FRGT but with a new CUSIP (G51463162), managed by transfer agent Transhare Corporation. The fractional share policy—cancelling those under one-half and rounding up those at or above—ensures whole shares only, minimizing administrative complexity for holders. This action signals proactive governance to maintain Nasdaq listing status, vital for liquidity, visibility, and investor access in the competitive supply chain tech sector. While reverse splits can sometimes signal distress, here the explicit purpose ties to regulatory compliance, with no impact on the Company's AI-driven platforms like Fr8App, Waavely, or Zayren.