Monitor the stock price after the split effective date (Oct 19) to see if it holds above $1.00; if it fails, delisting risk increases. The company's weak cash position and going-concern status from the 20-F remain the primary fundamental concerns.
Price Chart
Executive Summary
Freight Technologies announced a 1-for-10 reverse share split approved on October 8, 2026, effective October 19, 2026, to regain compliance with Nasdaq's $1.00 minimum bid price requirement. The split reduces outstanding shares from 16,814,200 to 1,681,420. This is a routine capital structure adjustment with no change to the company's fundamentals; the prior 20-F (filed May 2026) showed a net loss of $7.9M on $13.1M revenue, a going-concern note, and only $0.3M cash.
Key Facts
- Board approved a 1-for-10 reverse split on October 8, 2026; effective October 19, 2026.
- Outstanding shares reduced from 16,814,200 to 1,681,420.
- Split intended to meet Nasdaq's $1.00 minimum bid price for continued listing.
- No change to authorized shares; fractional shares rounded up or cancelled.
- Ticker remains FRGT; new CUSIP changes to G51413170.
- Prior 20-F (May 2026) reported a net loss of $7.9M on $13.1M revenue, going-concern warning.
- Cash balance was $0.3M at the 20-F filing date.
Financial Impact
No new financial data in this filing; reverse split is a mechanical share consolidation with no change to market cap or enterprise value.
Risk Factors
- If the stock price does not sustain above $1.00 post-split, Nasdaq delisting remains a risk.
- The company's low cash ($0.3M) and ongoing losses ($7.9M net loss) create fundamental solvency risk regardless of the split.
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001493152-26-047162 |
| Exhibit: ex99-1.htm | 0001493152-26-047162 |
| Document: 0001493152-26-047162-index-headers.html | 0001493152-26-047162 |
| Document: 0001493152-26-047162-index.html | 0001493152-26-047162 |
| Document: 0001493152-26-047162.txt | 0001493152-26-047162 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | SC 13G/A | $1.00 | awaiting T+5 | — | $1.16 (+16.00%) |
Oct 19, 2026 8d ago | Press Release | $1.47 $1.03 | ▲ +30.10% | ▲ +29.95% | $1.16 (+21.09%) |
Oct 19, 2026 8d ago | 6-K | $1.47 $1.00 | ▼ −31.97% | ▼ −31.83% | $1.16 (−21.09%) |
Oct 15, 2026 12d ago | 6-K | $0.1865 $0.1230 | ▼ −34.05% | ▼ −33.03% | $1.16 (+521.98%) |
Sep 1, 2026 8w ago | 3 | $1.20 $0.9800 | ▼ −18.33% | ▼ −17.38% | $1.16 (−3.33%) |
Jul 15, 2026 14w ago | Press Release | $5.18 $3.56 | ▲ +31.27% | ▲ +30.29% | $1.16 (+77.61%) |
Jul 15, 2026 14w ago | 6-K | $5.18 $3.56 | ▲ +31.27% | ▲ +30.29% | $1.16 (+77.61%) |
May 14, 2026 23w ago | 20-F | $2.55 $3.95 | ▼ −54.90% | ▼ −53.94% | $1.16 (+54.51%) |
May 13, 2026 23w ago | 6-K | $4.65 $3.24 | ▲ +30.25% | ▲ +29.09% | $1.16 (+75.03%) |
Apr 21, 2026 27w ago | 6-K | $4.45 $3.93 | ▼ −11.69% | ▼ −12.77% | $1.16 (−73.93%) |
US Market Status
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