Tue, May 27, 10:01 AM (25 days ago)
**Hudson Acquisition I Corp. (HUDA) Financial Summary** **Ticker:** HUDA **Financial Performance:** - **Revenue:** $0 (no revenue generated as of December 31, 2024). - **Net Income:** -$817,025 for the year ended December 31, 2024. - **Earnings per Share (EPS):** -$0.68 for the year ended December 31, 2024. - **Operating Expenses:** $993,775 for the year ended December 31, 2024. **Strategic Overview:** - **Business Strategy:** Identify and complete an Initial Business Combination with a company that complements the management team's experience. - **Acquisition Criteria:** Well-established market presence, stable free cash flow, cost savings, and potential for growth. - **Future Outlook:** The company aims to complete an Initial Business Combination with Aiways Automobile Europe GmbH. **Risk Factors:** - **Market Risks:** Economic uncertainty, volatility in financial markets, and geopolitical instability. - **Operational Risks:** Dependence on a single business, lack of diversification, and potential difficulties in completing the Initial Business Combination. - **Financial Risks:** Need for additional financing, potential liquidation if the Initial Business Combination is not completed. **Financial Condition:** - **Cash and Cash Equivalents:** $68,758 as of December 31, 2024. - **Marketable Securities Held in Trust Account:** $1,122,381 as of December 31, 2024. - **Liabilities:** $7,281,614 as of December 31, 2024. **Market Position Changes:** - **Stock Performance:** The company's securities were delisted from The Nasdaq Stock Market LLC due to failure to meet listing requirements. - **Future Listings:** The combined entity (de-SPAC) will be held to the same quantitative initial listing standards irrespective of the listing status of the SPAC. **Amendments:** - **Extension Amendments:** The company has extended the date by which it must effect a Business Combination multiple times, with the latest extension to October 18, 2025. - **Impact:** The amendments increased the time the company has to consummate an Initial Business Combination and removed geographic limitations for a Business Combination.