Quote data as of 5:23 AM ET
High-Trend International Group, a maritime logistics firm established in Singapore in 2022, operates with a global footprint. The company delivers ocean transportation services, spanning key hubs like Hong Kong and Singapore to various international destinations. Beyond its core shipping activities, High-Trend is dedicated to advancing sustainable maritime practices, providing innovative solutions for marine decarbonization and managing digital carbon assets for the wider shipping industry. Its primary operations involve facilitating seaborne cargo movement through voyage contracts, as well as offering comprehensive vessel services on behalf of ship owners. The entity was formerly recognized as Caravelle International Group before adopting its current name in January 2025.
High-Trend International Group fully repaid its obligations to Streeterville Capital and terminated the transaction documents, eliminating the financing overhang.
Streeterville agreed to return 630,000 Class A ordinary shares originally scheduled to become eligible for resale on May 1, 2026, which the Company plans to cancel.
To fund this, the Company sold a $2.6 million unsecured promissory note to Controller and former Chairman Mr. Jinyu Chang, carrying a 5% annual interest rate due in one year.