Key Highlights

  • FRGT shares trading up 10.44% today to $1.04, a Penny Stock after a one-for-ten reverse split.
  • The reverse split took effect October 19, 2026, when split-adjusted Nasdaq trading began.
  • Fleet Rocket's Fr8Radar module reached 92 integrated GPS networks across the U.S. and Mexico by late July.
  • Cash stood at about $285,000 at June 30, 2026, against roughly $2.5 million of short-term debt.
  • A $1.2 million Series C preferred raise was announced on July 15 alongside a brokerage review.

Shares Climb Days After Reverse Split and Zayren AI Expansion

Freight Technologies (NASDAQ:FRGT) shares are trading up 10.44% today at $1.04. No company-specific announcement dated today was identified, so the move appears to sit alongside recent company news rather than a fresh catalyst.

The company announced on October 27 that its Zayren AI platform now includes carrier-negotiation agents that handle many negotiations at once within price limits set by the customer. It also added AI analytics that answer plain-language requests against shipment and transportation data.

Freight Technologies runs Fleet Rocket, a cloud-based transportation management system built around cross-border freight between the United States and Mexico. The platform pairs shipment management with the Fr8Radar tracking module, which reached 92 integrated GPS networks in late July, up 70% since October 2025.

One-for-Ten Reverse Split and Preferred Exchange Reset the Share Structure

On October 19, Freight Technologies completed a one-for-ten reverse split, and split-adjusted Nasdaq trading began that day. The $1.04 price therefore reflects the post-split share count, and it keeps FRGT in penny stock territory.

The company also exchanged legacy Preferred Shares for rights to ordinary shares and cleared the remaining 2023 warrants, with no additional consideration. The rights cover about 3.25 million ordinary shares for Series A4 at $1.87 and about 3.19 million for Series C at $1.00, subject to a 9.99% beneficial ownership limit.

Rights of this kind can add to the share count over time as they are exercised, which is a detail often tracked in small-cap names after a reverse split. Exercise of the Series A4 rights at $1.87 would sit above today's $1.04 price.

Thin Cash Balance and a Brokerage Review Frame the Financial Picture

The company's July 15 update shows how stretched the Balance Sheet is. Unaudited figures at June 30 listed cash of about $285,000, receivables of about $3.5 million, payables and accruals of about $2.5 million and Short-Term Debt of about $2.5 million.

That update also described further workforce reductions and a scaled-back brokerage operation. Freight Technologies raised $1.2 million through 1,200,000 Series C preferred shares and said it is exploring strategic alternatives for the brokerage business, including a possible sale.

A $2.5 million Loan carrying 10% interest matures on June 17, 2027. Third-party data pages list inconsistent market Capitalization figures for the stock after the split, so no reliable valuation figure is cited here.

Software-First Pivot Gets Its Next Test After the Reverse Split

Freight Technologies has been steering the Business toward an AI-native, software-first model since its April strategic update, and the October 27 Zayren expansion is the latest step. Trading in the days after a reverse split can be uneven, and today's 10.44% gain comes on a low-priced share count. The next items to watch are any outcome from the brokerage strategic review and the company's next results update, for which no date was found.