Freight Technologies (FRGT) Regains Nasdaq Compliance

Freight Technologies, Inc. (Nasdaq: FRGT) today announced that on October 9, 2024 it received written notice from the Listing Qualifications Staff of the Nasdaq Stock Market (“Nasdaq”) stating that the Company regained compliance with the minimum bid price requirement (“Minimum Bid Price Requirement”) set forth in Nasdaq Listing Rule 5550(a)(2) and that the matter is now closed.

The Company had previously been notified by Nasdaq on May 22, 2024 that it was not in compliance with the Minimum Bid Price Requirement, as the closing bid price of the Company’s common stock had not maintained a minimum bid price of $1.00 for 30 consecutive business days. In order to regain compliance, the Company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days, which was achieved during the period from September 25, 2024 through October 8, 2024.

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