NEW YORK, October 14, 2022
NEW YORK, October 14, 2022 /PRNewswire/ — Hudson Acquisition I Corp. (NASDAQ: HUDA, the “Company”), a new blank check company incorporated in Delawareannounced today that it has priced its initial public offering of 6,000,000 units at $10.00 per unit. The Units will be listed on the NASDAQ Global Market (“NASDAQ”) and trade under the symbol “HUDAU” effective immediately, October 14, 2022. Each unit consists of one common share and a right to receive one-fifth (1/5) of a common share upon the completion of an initial business combination. Once the securities comprising the Units begin trading separately, the Common Shares and the Rights will trade on NASDAQ under the symbols “HUDA” and “HUDAR”, respectively.
The underwriters have been granted a 45-day option to purchase up to 900,000 additional units offered by the Company to cover over-allotments, if any.
The offer is expected to close on October 18, 2022subject to customary closing conditions.
Chardan Capital Markets, LLC (“Chardan”) acted as sole bookrunner for the offering.
A registration statement relating to these securities was declared effective by the United States Securities and Exchange Commission on October 14, 2022. The offering is being made by means of a prospectus only, copies of which may be obtained by contacting Chardan, 17 State Street, 21st Floor, New York, New York 10004. Copies of the registration statement may be viewed on the SEC’s website at www.sec.gov.
This press release does not constitute an offer to sell or a solicitation of an offer to buy, and there will be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. prior to registration or qualification under the securities laws of such state or territory.
About Hudson Acquisition I Corp.
Hudson Acquisition I Corp. is a Delaware corporation incorporated as a blank check corporation for the purpose of entering into a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with a or more companies or entities. The Company’s efforts to identify a potential target company will not be limited to any particular industry or geographic region, except that the Company will not effect an initial business combination with an entity based or having the majority of its activities in China (including hong kong and Macau). The Company affirmatively rules out an initial business combination with a target company whose financial statements are audited by an accounting firm that the United States Public Company Accounting Oversight Board is unable to inspect for two consecutive years beginning in 2021 .
This press release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. These forward-looking statements, including the successful completion of the Company’s initial public offering, units, common stock and trading rights on NASDAQ and the search for an initial business combination, are subject to risks. and uncertainties, which could cause actual results to differ. forward-looking statements. No assurance can be given that the offering described above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as stated. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, including those set forth in the Risk Factors section of the Company’s registration statement for the offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on upon which any statement is based, except as required by law.
Hudson Acquisition I Corp.
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SOURCE Hudson Acquisition I Corp.