Freight Technologies announced a share purchase agreement to acquire JAK Solar Loans 1 Limited, a company that owns 62 U.S. residential solar loans with an aggregate outstanding principal and interest of $1.85 million as of November 30, 2025.
The transaction values the portfolio at $5.5 million in Series C‑1 convertible preferred shares, with closing expected by December 31, 2025. The acquisition adds long‑duration, recurring cash flows to Freight’s balance sheet, providing a new source of stable income amid ongoing liquidity challenges.
Freight’s CEO Javier Selgas said the deal aligns with the company’s disciplined capital allocation framework and will help build resilience. The move is part of Freight’s broader strategy to diversify revenue streams and strengthen its financial position as it transitions toward higher‑margin software and AI‑driven logistics solutions.
Freight has faced declining revenues and persistent losses, with a 2025 operating loss guidance of $5.5‑$6.5 million and a 93% year‑to‑date decline in share price. The acquisition of a predictable asset class is intended to offset these headwinds by providing a steady cash‑flow stream that can support future investments in its AI platform and TMS offerings.
While the acquisition is modest in size, it signals Freight’s willingness to pursue non‑core assets that can generate cash and reduce leverage. The company’s management emphasized that the transaction will not dilute existing shareholders, as the preferred shares are convertible and the deal is structured to preserve capital.
"The acquisition will strengthen our financial position and create strategic flexibility as we continue to evaluate opportunities that support sustainable growth and long‑term shareholder value," Selgas said.
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