1. Freight Technologies acquires JAK Solar Loans to expand its asset base. 2. JAK Solar has a portfolio of 62 active residential solar loans. 3. The acquisition aims to strengthen FRGT's financial position and cash flows. 4. CEO highlights potential for recurring cash flows with scalable servicing platform. 5. Strategic alignment with FRGT's disciplined capital allocation framework is emphasized.
FAQ
Why Bullish?
The acquisition of JAK Solar signifies strategic expansion for FRGT, enhancing cash flows and stability. Similar acquisitions in the renewable sector often lead to positive investor sentiment and stock performance, as seen with companies like NextEra Energy.
How important is it?
The acquisition potentially enhances FRGT's market position and financial health, showing a proactive growth strategy. This move reflects FRGT's commitment to diversifying its assets in the renewable sector, which is aligned with growing market trends.
Why Long Term?
This acquisition is aimed at creating long-term value through sustained cash flows. Companies with successful long-term investments in renewable energy often see considerable growth, impacting stock performance positively over time.
Related Companies
Freight Technologies (FRGT) Expands Portfolio with Acquisition of JAK Solar
On December 16, 2025, Freight Technologies, Inc. (Nasdaq: FRGT), a leader in logistics management technology, announced its intent to acquire JAK Solar Loans 1 Limited ("JAK Solar"). This strategic move aims to enhance Fr8Tech's asset base by integrating JAK Solar's portfolio, which specializes in residential solar-related financial contracts.
Details of the Acquisition
JAK Solar operates a scalable platform that focuses on the ownership and servicing of residential solar loans. As of November 30, 2025, it holds a portfolio of 62 active U.S.-based residential solar loans with an aggregate outstanding principal and interest of approximately $1.85 million. The loans have a weighted average maturity of 9.6 years.
Financial Implications of the Deal
This acquisition is anticipated to significantly bolster Freight Technologies' financial position. The integration of JAK Solar is expected to:
- Strengthen the Company's balance sheet.
- Improve operating cash flows.
- Enhance overall financial flexibility.
"This acquisition will provide Freight Technologies with long-duration, recurring cash flows supported by a scalable servicing platform," stated Javier Selgas, CEO of Freight Technologies. He added that it will create strategic flexibility as the Company seeks opportunities for sustainable growth and long-term shareholder value.
Historical Performance of JAK Solar
For the fiscal year ending December 31, 2024, JAK Solar recorded unaudited gross cash receipts of approximately $314,810, and for the nine months ending September 30, 2025, generated $246,587, demonstrating strong performance with limited historical write-offs. The platform is set to expand over time to include additional assets related to residential energy efficiency and home improvement financing.
About Freight Technologies (FRGT)
Freight Technologies (Nasdaq: FRGT), known as "Fr8Tech," specializes in logistics solutions that leverage artificial intelligence and machine learning. Its comprehensive platform includes:
- Fr8App: for seamless cross-border shipping.
- Fr8Now: focused on less-than-truckload (LTL) shipping.
- Fr8Fleet: dedicated capacity service in Mexico.
- Waavely: digital platform for efficient ocean freight booking.
- Fleet Rocket: cost-effective Transportation Management System (TMS).
- Zayren: AI-driven carrier-matching tool.
These interconnected solutions enhance the supply chain process by providing real-time tracking, digital marketplace support, and operational efficiencies.
About JAK Solar
JAK Solar is recognized for its robust management and servicing of residential solar loans. Its portfolio comprises 62 active loans as of November 30, 2025, indicating a growing presence in the renewable energy finance sector.
Forward-Looking Statements
This announcement may contain "forward-looking statements" that involve risks and uncertainties. Actual results could differ materially from expectations as influenced by various factors, including regulatory changes and competitive dynamics. Freight Technologies urges readers not to place undue reliance on these statements, which are subject to revisions based on evolving circumstances.