Tue, Jul 23, 9:26 PM (46 days ago)
Hudson Acquisition I Corp., a blank check company, filed its annual report for the fiscal year ended December 31, 2023. The company, incorporated in Delaware, aims to complete an Initial Business Combination (IBC). No operating revenues were generated, and it reported a net income of $121,221 for 2023, primarily from interest income on marketable securities. Operating expenses included $1,309,549 in general and administrative expenses, $200,000 in franchise tax, and $646,000 in income tax. The company extended its IBC deadline to October 18, 2025, with options for further extensions. As of December 31, 2023, it had $26.04 million in the trust account and $11,700 in cash outside the trust account. Management identified material weaknesses in internal controls over financial reporting. The company dismissed UHY LLP as its auditor and engaged WWC, P.C. for 2023. Hudson’s future strategy focuses on leveraging its management team's expertise to identify a suitable business combination target in the technology sector.