Freight Technologies receives up to $20 million in convertible debt financing to buy Trump

Odaily News Freight Technologies (Nasdaq: FRGT) announced that it has signed 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 bonds totaling $1 million in the first round of financing, and can subsequently raise up to $19 million in financing if certain conditions are met. The company has previously purchased FET tokens worth approximately $8 million.