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Freightos Limited closed at $1.6700 on August 17, up 23.70% from a previous close of $1.3500, after the company announced a new chief financial officer. Dollar volume on the session was $11,365,807 across 42,777 trades. The company's free float stands at 26,931,766 shares, or 52.4% of shares outstanding. Short volume on the session was 1,142,939 shares, representing 46.35% of reported volume.
The company says Yaron Eldad will join as CFO effective September 1, 2026, reporting to chief executive officer Pablo Pinillos. Freightos describes itself as a freight pricing, booking and procurement platform.
According to the release, Eldad has more than 25 years of CFO and senior financial leadership experience across technology and life sciences. His most recent role was CFO of Evogene Ltd., where the company says he oversaw financing rounds, mergers and acquisitions activity, and organizational restructuring.
Before Evogene, the release says Eldad served as CFO of e-SIM, a technology company, where he led its initial public offering — a process by which a private company lists its shares on a public stock exchange — and its subsequent years as a Nasdaq-listed company. He also co-founded Yamba Group, according to the release.
"Yaron brings extensive public-company financial leadership experience, together with strong operational discipline and strategic business judgement," Pinillos said in the release. "His appointment strengthens our leadership as we continue to focus on execution, profitability, and scalable growth."
The release carries no financial figures for Freightos — no revenue, cash position, or earnings data were disclosed. Whether the company is profitable or the rate at which it is using cash was not stated.