Freight Technologies Acquires JAK Solar, Expanding Asset Base to $1.85 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2025
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Source: Globenewswire
- Acquisition Agreement: Freight Technologies has entered into a share purchase agreement to acquire JAK Solar, which owns 62 U.S.-based residential solar loans totaling approximately $1.85 million, expected to enhance the company's asset base and financial flexibility.
- Cash Flow Improvement: JAK Solar generated approximately $314,810 and $246,587 in gross cash receipts for the years ended December 31, 2024, and the nine months ended September 30, 2025, respectively, providing Freight Technologies with long-duration, recurring cash flows that support its sustainable growth strategy.
- Strategic Alignment: The acquisition aligns with Freight Technologies' disciplined capital allocation framework, aiming to enhance operating cash flows through predictable revenue sources, thereby strengthening the company's competitive position in the market.
- Technology Utilization: Freight Technologies plans to leverage JAK Solar's scalable servicing platform to further invest in residential renewable energy, enhancing overall operational efficiency and long-term value creation capabilities.
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About FRGT
Freight Technologies, Inc. is a technology company offering a diverse portfolio of platform solutions powered by artificial intelligence (AI) and machine learning to optimize and automate the supply chain process. The Company’s portfolio of solutions includes the Fr8App platform for over-the-road (OTR) B2B cross-border shipping across the USMCA region; Fr8Now, a specialized service for less-than-truckload (LTL) shipping; Fr8Fleet, a dedicated capacity service for enterprise clients in Mexico; Waavely, a digital platform for ocean freight booking and management of container shipments between North America and ports worldwide and Fleet Rocket, a transportation management system (TMS) for brokers, shippers, and other logistics operator together, each product is interconnected within a unified platform to connect carriers and shippers and improve matching and operation efficiency via technologies, such as live pricing and real-time tracking, digital freight marketplace, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
