Schreiber launched GrowCRGO on Sept. 9 and seeks Shareholder votes on chairman, strategy and annual director elections at Freightos's 2026 annual meeting.

Zvi Schreiber, Freightos's founder, is pressing for board and strategy changes while holding 3,096,931 ordinary shares, or approximately 6.0%. The campaign includes a chairman change, annual director elections and a platform-first, AI-aligned strategy, with the board intending to consider whether to include the resolutions by Nov. 4.

Key Highlights

  • GrowCRGO went live on Sept. 9 as Schreiber’s personal shareholder advocacy website.
  • Schreiber’s 6.0% position is based on 51,840,070 Freightos ordinary shares outstanding.
  • Reported open-market sales included 20,000 shares at $1.6000 on Aug. 17 and 15,000 at $1.4000 on Jul. 15.

Schreiber Sets Out AGM Resolutions

He is seeking changes to Freightos (NASDAQ: CRGO)’s board structure, Leadership and strategic direction. Schreiber holds sole voting and dispositive power over his 3,096,931 shares. His holdings consist mainly of founder shares, compensation or incentive awards from his service to Freightos, and a small number of open-market purchases. The shares were not acquired with borrowed funds. GrowCRGO launched on Sept. 9 as a personal website outlining Schreiber’s views and inviting shareholders to receive updates. On Jul. 8, he asked Freightos to put resolutions before shareholders covering Dr. Udo Lange’s removal as a director, a chairman with growth-stage technology experience and a platform-focused strategy, and annual director elections.

Platform Strategy Drives Activist Case

He advocates returning to a platform-first, high-growth strategy aligned with AI and changing the board’s composition and leadership. The reported open-market sales were 20,000 ordinary shares at a weighted average price of $1.6000 on Aug. 17 and 15,000 shares at $1.4000 on Jul. 15. Schreiber intends to continue engaging with the board, management and shareholders, and may pursue proposals through proxy solicitations, written consents, litigation or other actions.