Freight Technologies Strikes Agreement To Acquire JAK Solar Loans 1; Financial Terms Not Disclosed

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.