The filing confirms a large passive position just below the 10% threshold, with a blocker preventing conversion above 9.99%. Monitor for any future conversion activity or amendment to a 13D, which would signal activist intent. The reverse split reduces float, amplifying the impact of this concentrated ownership.
Price Chart
Executive Summary
A group of entities controlled by Kerry Propper and Antonio Ruiz-Gimenez filed an amended Schedule 13G disclosing a passive 9.9% stake in Freight Technologies, Inc. as of October 18, 2026. The stake is held through convertible notes, Series B Preferred Shares, and Common Share Rights, with a blocker limiting beneficial ownership to 9.99%. The filing follows a 1-for-10 reverse stock split effective October 19, 2026, and the reported share count of 168,732 is adjusted for that split.
Key Financial Metrics
Key Facts
- Filing date: October 23, 2026, as of October 18, 2026
- Reporting persons: Freight Opportunities LLC, ATW Opportunities Master Fund, L.P., Freight Opportunities II LLC, Trumpcoin Ventures II LLC, ATW Opportunities Master Fund II, LP, ATW Partners Opportunities Management, LLC, Kerry Propper, Antonio Ruiz-Gimenez
- Aggregate beneficial ownership: 168,732 ordinary shares (post-reverse split), representing 9.9% of class
- Stake derived from convertible notes, Series B Preferred Shares, and Common Share Rights, subject to a 9.99% blocker
- Issuer effected a 1-for-10 reverse stock split on October 19, 2026; all figures adjusted for split
- Shares outstanding used for percentage: 1,681,420 (post-split, per Issuer's Form 6-K filed October 15, 2026)
Financial Impact
Passive 9.9% stake valued at approximately $[undisclosed] — no cash transaction; stake is via conversion rights, not open-market purchases
Risk Factors
- Potential dilution if conversion rights are exercised beyond current blocker limits
- Concentrated ownership could lead to governance pressure or future activism
- Reverse split may reduce liquidity and increase volatility
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0001820490-26-000003 |
| Document: 0001820490-26-000003-index-headers.html | 0001820490-26-000003 |
| Document: 0001820490-26-000003-index.html | 0001820490-26-000003 |
| Document: 0001820490-26-000003.txt | 0001820490-26-000003 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | SC 13G/A | $1.15 | awaiting T+5 | — | $1.00 (−13.04%) |
Oct 19, 2026 7d ago | Press Release | $1.47 $1.03 | ▲ +30.10% | ▲ +29.95% | $1.00 (+31.97%) |
Oct 19, 2026 7d ago | 6-K | $1.47 $1.00 | ▼ −31.97% | ▼ −31.83% | $1.00 (−31.97%) |
Oct 15, 2026 11d ago | 6-K | $0.1865 $0.1230 | ▼ −34.05% | ▼ −33.03% | $1.00 (+436.19%) |
Sep 1, 2026 7w ago | 3 | $1.20 $0.9800 | ▼ −18.33% | ▼ −17.38% | $1.00 (−16.67%) |
Jul 15, 2026 14w ago | Press Release | $5.18 $3.56 | ▲ +31.27% | ▲ +30.29% | $1.00 (+80.69%) |
Jul 15, 2026 14w ago | 6-K | $5.18 $3.56 | ▲ +31.27% | ▲ +30.29% | $1.00 (+80.69%) |
May 14, 2026 23w ago | 20-F | $2.55 $3.95 | ▼ −54.90% | ▼ −53.94% | $1.00 (+60.78%) |
May 13, 2026 23w ago | 6-K | $4.65 $3.24 | ▲ +30.25% | ▲ +29.09% | $1.00 (+78.47%) |
Apr 21, 2026 26w ago | 6-K | $4.45 $3.93 | ▼ −11.69% | ▼ −12.77% | $1.00 (−77.53%) |
US Market Status
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