Freight Technologies Announces Deal to Acquire JAK Solar
Broadens Asset Base | Enhances Financial Flexibility | Adds Recurring Cash Flows
HOUSTON, Dec. 16, 2025 (GLOBE NEWSWIRE) — Freight Technologies, Inc. (Nasdaq: FRGT, “Fr8Tech” or the “Company”), a logistics management innovation company offering a diverse portfolio of technology-driven solutions, announced that it has entered into a share purchase agreement to acquire JAK Solar Loans 1 Limited (“JAK Solar”).
JAK Solar operates a scalable platform focused on the ownership and servicing of residential solar-related financial contracts, supported by established servicing arrangements and predictable payment structures. As of November 30, 2025, JAK Solar owned a portfolio of 62 active and performing U.S.-based residential solar loans with aggregate outstanding principal and interest through maturity of approximately $1.85 million and a weighted average maturity of 9.6 years.
Upon closing, the acquisition will expand Freight Technologies’ asset base through Jak Solar’s portfolio of contracted, long-duration financial assets tied to residential renewable energy systems. The Company expects the transaction to strengthen its balance sheet, improve operating cash flows, and enhance overall financial flexibility, while remaining aligned with Fr8Tech’s disciplined capital allocation framework.
“This acquisition will provide Freight Technologies with long-duration, recurring cash flows supported by a scalable servicing platform,” said Javier Selgas, Chief Executive Officer of Freight Technologies. “It will strengthen our financial position and create strategic flexibility as we continue to evaluate opportunities that support sustainable growth and long-term shareholder value.”
For the year ended December 31, 2024, and the nine months ended September 30, 2025, JAK Solar generated unaudited gross cash receipts (a non-GAAP measure) of approximately $314,810 and $246,587, respectively, with limited historical write-offs. The platform is designed to support additional assets over time, including other residential energy efficiency and home improvement financings.
Freight Technologies continues to execute on its strategy of leveraging technology, data, and intelligent systems to support operational efficiency and long-term value creation, while selectively deploying capital into opportunities that enhance resilience, scalability, and performance.
About Freight Technologies Inc.
Freight Technologies (Nasdaq: FRGT) (“Fr8Tech”) is a technology company offering a diverse portfolio of proprietary platform solutions powered by AI and machine learning to optimize and automate the supply chain process. Focused on addressing the distinct challenges within the supply chain ecosystem, the Company’s portfolio of solutions includes the Fr8App platform for seamless OTR B2B cross-border shipping across the USMCA region; Fr8Now, a specialized service for less-than-truckload (LTL) shipping; Fr8Fleet, a dedicated capacity service for enterprise clients in Mexico; Waavely, a digital platform for efficient ocean freight booking and management of container shipments between North America and ports worldwide, Fleet Rocket a nimble, scalable and cost-effective Transportation Management System (TMS) for brokers, shippers, and other logistics operators, and Zayren, an AI based, machine learning pricing-prediction tool and carrier-matching platform designed specifically for cross-border and domestic OTR freight shipments across Mexico and the United States. Together, each product is interconnected within a unified platform to network carriers and shippers and significantly improve matching and operation efficiency via innovative technologies such as live pricing and real-time tracking, digital freight marketplace, brokerage support, transportation management, fleet management, and committed capacity solutions. For more information, please visit fr8technologies.com.
About JAK Solar
JAK Solar is an integrated and scalable business that manages and services residential solar loans with a portfolio of 62 active and performing U.S.-based residential solar power system loans with an aggregate outstanding principal and interest through maturity of more than $1.8 million as of November 30, 2025.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Fr8Tech’s and Fr8App Inc.’s actual results may differ from their expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements.
These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Fr8Tech’s and Fr8App Inc.’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the inability to obtain or maintain the listing of Fr8Tech’s ordinary shares on Nasdaq; (2) changes in applicable laws or regulations; (3) the possibility that Fr8Tech or Fr8App Inc. may be adversely affected by other economic, business and/or competitive factors; (4) risks relating to the uncertainty of the projected financial information with respect to Fr8App Inc.; (5) risks related to the organic and inorganic growth of Fr8App Inc.’s business and the timing of expected business milestones; and (6) other risks and uncertainties identified, including those under “Risk Factors,” to be filed in Fr8Tech other filings with the Securities Exchange Commission.
Fr8Tech cautions that the foregoing list of factors is not exclusive. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Fr8Tech and Fr8App Inc. caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Fr8Tech and Fr8App Inc. do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based.
CONTACT: Fr8Tech Contact: Jason Finkelstein IGNITION Investor Relations investors@fr8technologies.com
