Hudson Global and Star Equity sign definitive merger agreement in stock-for-stock deal

Star Equity Holdings, Inc.

Hudson to acquire Star at 0.23 HSON shares per STRR share; Hudson shareholders will own ~79% of NewCo.
Pro-forma annualized revenue of $210M; goal of $40M Adjusted EBITDA by 2030.
At least $2M annual cost synergies expected within 12 months of close; $240M federal NOL available.
Jeff Eberwein to remain CEO of NewCo; Rick Coleman to serve as COO.
Transaction expected to close in H2 2025, subject to shareholder and regulatory approvals.

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