🟡 Freight Technologies seeks to acquire #Trump Coin with convertible financing

On May 2, Freight Technologies (Nasdaq: FRGT) announced an agreement to raise up to $20M in convertible bonds, aimed at acquiring the official Trump meme coin.

💰 In the first round, $1M will be issued, with an option to extend up to an additional $19M.

🎯 The company had already purchased FET tokens for ~$8M.

Are we witnessing a new era of public companies investing in memecoins?

#CryptoNews #MemeCoins #TrumpCoin #FRGT #Blockchain #Bitcoin