Strategic raise

The company strategically raised funding when the capital markets and freight markets were booming in 2021, recognizing the opportunity to fortify their balance sheet. The decision to raise funds was not driven by luck but by a deliberate strategy to prepare for potential market fluctuations and acquire assets at opportune moments. This strategic move allowed the company to project revenue declines, be profitable, and still secure funding to enhance their capabilities and market share, as evidenced by their successful acquisition of convoy's assets.