secwatch.observer — SEC 8-K summary
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Issuer:     Hudson Acquisition I Corp. (—)
CIK:        0001853047
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001213900-24-044377
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hudson Acquisition I Corp. signs letter agreement for de-SPAC with Aiways Europe at ~$400M equity value
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- SPAC HUDA and Aiways Automobile Europe GmbH enter Letter Agreement for business combination (de-SPAC).
- Equity valuation of approximately $400 million; HUDA shares issued at $10.00 per share without Rights or Warrants.
- Expected closing on or around December 31, 2024; term of agreement ends January 18, 2025.
- Upon consummation, HUDA shareholders become minority, non-controlling shareholders in combined entity.
- Aiways Europe's Managing Director cites access to growth capital and alignment with European design concepts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853047/000121390024044377/0001213900-24-044377-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853047/000121390024044377/ea0206406-8k_hudsonacq1.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-044377

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