HOUSTON, Jan. 10, 2025 (GLOBE NEWSWIRE) — Freight Technologies, Inc. (Nasdaq: FRGT) (Fr8Tech” or Freight Technologies” or the Company), a logistics management innovation company that offers a diverse portfolio of technology-focused solutions that address various challenges within the supply chain ecosystem, today announced that it has changed its independent registered public accounting and auditing firm from Marcum LLP (Marcum or former auditor) to TAAD LLP (TAAD or successor auditor), effective immediately.
The engagement of the Auditor’s successor came into force on January 6, 2025 and until the next General Assembly of the Company, while, at the request of the Company, the former Auditor resigned on January 7, 2025.
The decision to change the independent registered public accounting firm was recommended and approved by the Audit Committee of the Company’s board of directors.
“We are pleased to announce the engagement of TAAD, a highly respected name in the market with a strong public company practice. We are grateful to Marcum for their assistance, expertise and guidance in 2024,” said Don Quinby, Chief Financial Officer of Freight Technologies.
During the Company’s last fiscal year ended December 31, 2024 and for the subsequent interim period through January 7, 2025, the Company had no disagreements (as described in paragraph 304(a)(1)(iv) of Regulation SK) with Marcum on any matter of accounting principles or practice, disclosure of financial statements or audit scope or procedure.
During the last fiscal year of the Company, which ended on December 31, 2024, and for the next interim period until January 7, 2025, there were no reportable events, as that term is defined in point 304(a)(1)(v) of the Regulation SK and related instructions.
About Freight Technologies Inc.
Freight Technologies (Nasdaq: FRGT) (Fr8Tech”) is a technology company that offers a diverse portfolio of proprietary platform solutions powered by artificial intelligence and machine learning to optimize and automate supply chain processes. Aimed at solving various challenges within the supply chain ecosystem, the company’s portfolio of solutions includes the Fr8App for seamless OTR cross-border shipping in the entire USMCA region; Fr8Fleet, a specialized service for smaller shipments; a dedicated service for business customers in Mexico; and Waavely, a digital platform for booking and managing container shipments between North America and ports around the world. Together, each product is interconnected within a unified platform to connect carriers and shippers and significantly improve efficiency through innovative technologies such as live pricing and real-time tracking, digital freight marketplace, broker support, transportation management, fleet management and dedicated capacity solutions. The company is headquartered in Houston, Texas. For more information, visit fr8technologies.com.
About TAAD LLP
TAAD, LLP is a PCAOB-registered assurance, audit, tax and advisory firm with significant expertise in helping companies go public through reverse mergers, initial public offerings and self-listings. With a deep understanding of US GAAP and IFRS, the company ensures compliance with complex financial reporting standards. TAAD, LLP is headquartered in Los Angeles, California, with additional offices in New York, Hong Kong, Taipei and Tokyo, and serves clients throughout the United States and most international jurisdictions. With a team of professionals who bring Big 4 and national firm experience working with SEC reporting companies, TAAD, LLP offers a proactive, hands-on approach with a high level of partner and manager involvement.
Forward-looking statements
This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results of Fr8Tech and Fr8App Inc. may differ from their expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as expect, estimate, project, budget, predict, anticipate, intend, plan, may, will, could, should, believe, predict, potential, continue and similar expressions (or negative versions of such words or expressions) intended are to identify such forward-looking statements.
These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are beyond the control of Fr8Tech and Fr8App Inc. and they are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the inability to obtain or maintain a listing of Fr8Tech’s common stock on Nasdaq; (2) changes in applicable laws or regulations; (3) the possibility that Fr8Tech or Fr8App Inc. may be adversely affected by other economic, business and/or competitive factors; (4) risks related to the uncertainty of projected financial information with respect to Fr8App Inc.; (5) risks associated with the organic and inorganic growth of Fr8App Inc.’s business. and schedule of expected business milestones; and (6) other risks and uncertainties identified, including those under Risk Factors, to be disclosed in Fr8Tech’s other filings with the Securities and Exchange Commission.
Fr8Tech cautions that the preceding list of factors is not exclusive. If one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, actual results may differ materially from those indicated or anticipated by such forward-looking statements. Fr8Tech and Fr8App Inc. readers are cautioned not to place undue reliance on any forward-looking statements that speak only as of the date on which they are made. Fr8Tech and Fr8App Inc. do not assume or accept any duty or obligation to publicly release any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which such statement is based .
FR8Tech Contact:Jason FinkelsteinIGNITION Investor Relationsinvestors@fr8technologies.com
Source: Freight App, Inc.
