Founder Zvi Schreiber escalates activist campaign with formal board removal resolutions
CRGO is trading near its 52-week low of $1.14 (5.3% above the low) on light trading volume (0.2× avg).
Summary
Founder Zvi Schreiber formally demands board changes at Freightos, including removing the chairman, and discloses recent share sales at prices above today's level.
Key Events · Ownership and Investor Activity · CRGO
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Formal Board Removal Resolutions Filed
Schreiber gave notice on July 8, 2026 under Article 19.5 to bring three resolutions before the 2026 AGM: remove Chairman Dr. Udo Lange, appoint a growth-stage chairman focused on Platform segment, and amend Articles for annual election of all directors.
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Board Decision Deadline Set
The board stated through counsel it will consider the resolutions at its next meeting on or before November 4, 2026, with at least 14 days' notice of its decision before meeting materials are circulated.
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Founder Sells Shares Above Current Price
Schreiber sold 20,000 shares at $1.60 on August 17, 2026 and 15,000 shares at $1.40 on July 15, 2026 — both above today's $1.20 price — while simultaneously advocating for board changes.
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Advocacy Website Launched
Launched GrowCRGO (growcrgo.com) on September 9, 2026 to rally shareholder support for his proposed strategy and board changes, inviting shareholders to register for updates.
Analysis · CRGO · Energy & Transportation
Freightos founder and former CEO Zvi Schreiber has escalated his activist campaign by formally submitting three shareholder resolutions for the 2026 AGM, including removal of Chairman Dr. Udo Lange and a push for annual director elections. The filing also reveals he sold 35,000 shares in July and August at prices well above today's $1.20 level, and launched a dedicated advocacy website. The board has until November 4, 2026 to decide whether to include the resolutions, setting up a potential proxy fight at a company already facing stalled growth, a 14% workforce reduction, and a recent CFO change.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 36.1% of the 1753 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.04%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CRGO was trading at $1.20 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $62M. The 52-week trading range was $1.14 to $4.24. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.