FRGT Freight Technologies, Inc.
Price Chart
Executive Summary
Freight Technologies announced a 1-for-5 reverse stock split approved on April 27, 2026, effective May 18, 2026, to boost its share price above the $1.00 Nasdaq minimum bid requirement and avoid delisting. The split reduces outstanding shares from 2,860,626 to 572,125, with no change in authorized shares. This is a distress-driven capital structure adjustment, not a fundamental improvement.
Actionable Insight
Reverse splits in micro-cap distress stocks often lead to further selling pressure post-split as the fundamental issues remain unresolved. Monitor for any subsequent Nasdaq non-compliance notice or capital raise filing. The stock's historical performance shows consistent negative returns on prior bullish calls—avoid long positions.
Key Facts
- Reverse split ratio: 1-for-5, effective May 18, 2026
- Outstanding shares reduced from 2,860,626 to 572,125
- Explicitly intended to meet Nasdaq $1.00 minimum bid price requirement for continued listing
- Market cap is only $2M, indicating severe financial distress
- No financial results or guidance provided in this filing
Financial Impact
No dollar amounts reported; the split is a mechanical share consolidation with no change in market cap or fundamentals. The $2M market cap underscores extreme distress.
Risk Factors
- Post-split selling pressure as weak holders exit
- Continued risk of Nasdaq delisting if bid price fails to hold above $1.00
- No operational improvement disclosed; underlying business fundamentals remain opaque
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001493152-26-022627 |
| Exhibit: ex99-1.htm | 0001493152-26-022627 |
| Document: 0001493152-26-022627-index-headers.html | 0001493152-26-022627 |
| Document: 0001493152-26-022627-index.html | 0001493152-26-022627 |
| Document: 0001493152-26-022627.txt | 0001493152-26-022627 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 14, 2026
29d ago
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20-F
| $2.55 $3.95 | ▼ −54.90% | ▼ −53.94% | $3.37 (−32.16%) |
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May 13, 2026
4w ago
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6-K
| $4.65 $3.24 | ▲ +30.25% | ▲ +29.09% | $3.37 (+27.45%) |
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Apr 21, 2026
7w ago
|
6-K
| $4.45 $3.93 | ▼ −11.69% | ▼ −12.77% | $3.37 (−24.27%) |
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Apr 7, 2026
9w ago
|
6-K
| $4.70 $4.41 | ▼ −6.28% | ▼ −11.61% | $3.37 (−28.30%) |
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Apr 2, 2026
10w ago
|
6-K
| $4.55 $4.07 | ▼ −10.66% | ▼ −14.28% | $3.37 (−25.93%) |
US Market Status
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