M&A
confidence high
sentiment neutral
materiality 0.85
STAR EQUITY HOLDINGS, INC.: M&A transaction — Star Equity Holdings completes merger with Hudson Global; stock delisted
STAR EQUITY HOLDINGS, INC.
- Star stockholders received 0.23 HSON common shares per STRR share and 1 HSON Series A preferred per STRRP share.
- Combined company has pro-forma annualized revenues of ~$210M; Hudson carries $240M in federal NOLs.
- Star's common and preferred stock suspended from Nasdaq trading effective August 22, 2025.
- Hudson plans to rename to Star Equity Holdings and change tickers to STRR/STRRP in coming weeks.
- Star's directors and officers resigned at the effective time of the merger.