According to GlobeNewswire, Freight Technologies (Nasdaq: FRGT) announced an agreement with an institutional investor to raise up to $20 million through convertible bonds to purchase Trump's official Meme coin TRUMP. According to the financing agreement, Freight Technologies plans to issue convertible bond notes with a total amount of US$1 million in the first round of financing, and can additional financing amounts of up to US$19 million if certain conditions are met. It is reported that the company has previously purchased about $8 million worth of FET tokens.
Freight Technologies receives up to $20 million in convertible bond financing for purchase of TRUMP tokens
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