Hudson Acquisition I Corp. Unit
HUDAU
NASDAQ Global Market13.40
USD
-0.20
- -
CIK
0001853047
ISIN
US44364H2094
CUSIP
44364H209
Return %
Stock
S&P500
1Y
23.16
26.53
3Y
33.87
76.60
5Y
33.87
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Warren Z. Wang
- Full Time Employees
- 3
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 19 West 44th Street New York City NY United States of America 10036
- IPO Date
- Oct 14, 2022
- CIK
- 0001853047
- Similar Companies
- Business
- Hudson Acquisition I Corp. Unit is a special purpose acquisition company (SPAC) focused on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses. Founded in 2021 and headquartered in New York, New York, the company operates primarily in the financial sector as a blank check company without significant operations of its own. Its main business activity is to facilitate business combinations rather than producing or selling products or services directly. A recent major development for Hudson Acquisition I Corp. includes signing a definitive Business Combination Agreement with Aiways Automobile Europe GmbH, an electric vehicle company focused on the development, sales, and consumer solutions supporting battery electric vehicles (BEVs) in the European market. This transaction aims to list Aiways Europe on Nasdaq through the newly formed EuroEV entity and represents a strategic business expansion into the electric vehicle market with a valuation of approximately $410 million pre-combination. Aiways Europe plans to localize vehicle production in Europe beginning in 2025 and expand its product portfolio by securing new supply contracts for light vehicles and vans. Hudson Acquisition I Corp. shareholders approved an extension of the deadline for completing the business combination through mid-2026 to accommodate this transaction and related regulatory approvals. The company also received Nasdaq delisting notices and has taken steps to comply while advancing the business combination process. Hudson Acquisition I Corp. operates mainly in the United States but is targeting the European market through its agreement with Aiways Automobile Europe. As a SPAC, it engages with emerging companies for mergers, focusing on sectors with high growth potential, here exemplified by the electric vehicle industry. The company is a subsidiary of Hudson SPAC Holding, LLC and is listed on Nasdaq under the tickers HUDA (common stock), HUDAU (units), and HUDAR (rights). Its core activity remains facilitating strategic mergers and acquisitions, most recently marked by its planned combination with Aiways Europe to capitalize on the maturing and fast-growing European battery electric vehicle market. This description reflects Hudson Acquisition I Corp.'s transition from a blank check company to an active participant in the electric vehicle sector through its major business combination agreement and related corporate actions in 2024-2025. The partnership with Aiways Europe marks a significant strategic shift from its original shell company status to an operating entity involved in the automotive and clean energy space. The company continues to work through regulatory and shareholder approvals to finalize this business combination while managing operational and compliance requirements. This positions Hudson Acquisition I Corp. as a key player in facilitating innovation and growth in the EV sector via public market access and capital markets expertise.