HUDA SEC filings, in plain English
Everything Hudson Acquisition I Corp. has filed with the SEC that we hold — 40 filings, newest first, 40 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
The feed
live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
What changed: Quarterly report (Form 10-Q) for the period ended June 30, 2026. The trust balance at June 30, 2026 was $414,071. The number of public shares subject to possible redemption was 36,771. On July 17, 2026, stockholders approved a further extension of the business combination deadline from July 18, 2026 to April 18, 2027, with no monthly deposits required, and 8,568 public shares were redeemed, leaving 28,203 public shares outstanding. There is an outstanding excise tax liability of $725,989, and the Company has received $344,506 of an $819,949 total overpayment of redemption proceeds due to a calculation error. The Company had a working capital deficit of $5,007,197. Why it matters: The extension to April 2027 provides additional runway, but the disappearing public float (only 28,203 shares after the latest redemption) and negative working capital underscore a severely challenged SPAC. The $1.5 million bridge loan from the target and $1.2 million in convertible notes are the primary financing for ongoing costs. The disclosure of a $819,949 redemption overpayment, with only $344,506 recovered, adds a further layer of uncertainty for public stockholders. The going concern disclosure remains, explicitly tied to the new April 2027 liquidation deadline.
What changed vs 2026-06-26deadline 2026-07-18 → 2027-04-18combination deadline, trust account, going-concern doubt +11 moved · 3 with no prior record of ours
- Combination deadline
- 2026-07-182027-04-18
- Trust account
- $1.1M · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $500K · unchanged
SpacBrain reads this as 274 days later than the previous record.
The clause …“and transaction expenses and mandatory liquidation requirement if an Initial Business Combination is not consummated by April 18, 2027, raise substantial doubt about the Company’s ability to continue as a going concern. Management”…
The clause …“Convertible notes payable to related party at fair value 3 $ 1,234,779 $ 1,115,977 The marketable securities held in the Trust Account are considered trading securities as they are generally used with the objective of generating”…
The clause …“a Business Combination not occur, and potential subsequent dissolution raises substantial doubt about the Company’s ability to continue as a going concern. Management intends to complete a Business Combination prior to the end of the”…
The clause …“promissory note, respectively. On December 1, 2022, the Sponsor applied the outstanding balance on the Promissory Note of $ 500,000 towards the payments for Private Placement Units. On July 20, 2023, the Company and the Sponsor”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: A Form 8-K Current Report submitted by Hudson Acquisition I Corp. covering Item 5.03 (Amendments to Articles of Incorporation), Item 5.07 (Submission of Matters to a Vote of Security Holders), and Item 8.01 (Other Events), executed by Chief Executive Officer Warren Wang on July 21, 2026. According to the company's filing, stockholders at a Special Meeting held on July 17, 2026 approved the Extension Amendment Proposal to amend the Fourth Amended and Restated Certificate of Incorporation, extending the business combination deadline past July 18, 2026 for up to nine (9) additional one-month increments until April 18, 2027, while explicitly stating the revised charter shall no longer require monthly deposits into the Trust Account. The registrant reported a final voting tabulation of 2,070,575 shares cast for the extension and adjournment proposals against 2 shares against, referencing a June 26, 2026 record date with 2,119,596 outstanding shares and approximately 97.70% represented. In connection with those votes, the company disclosed that holders of 8,568 shares properly exercised redemption rights at a stated price of approximately $11.01 per share for an aggregate cash distribution of approximately $94,400, leaving a reported Trust Account balance of approximately $320,000 as of the report date. The document contains no disclosures regarding prospective targets, customer concentration, revenue streams, market sizing, technology platforms, commercial partnerships, regulatory litigation, or executive succession plans. Why it matters: The filing structurally alters the SPAC's survival and funding parameters by halting monthly trust funding requirements and pushing the mandatory liquidation cutoff to April 18, 2027, which directly extends the management team's search window while reducing ongoing cash outflows. The post-redemption trust reserve of approximately $320,000 materially restricts immediate deal-financing capacity, indicating any subsequent merger would likely depend heavily on external PIPE commitments or non-redeeming sponsor equity contributions rather than trust yield. The overwhelming approval margin signals continued shareholder tolerance for the extension mechanism despite the diminished per-share trust liquidity and the removal of monthly funding discipline, fundamentally resetting the risk/reward calculus for remaining public investors through early 2027.
What changed: DEF 14A definitive proxy statement soliciting stockholder approval to extend the deadline to complete a business combination from July 18, 2026 to April 18, 2027 (up to nine one-month extensions) and to adjourn the special meeting if necessary. The SPAC proposes amending its charter to extend the termination date by up to nine months (to April 18, 2027), removing the requirement for monthly deposits into the trust account. Public stockholders may redeem shares at ~$11.01 per share (trust balance ~$414,070 as of June 29, 2026). The special meeting is set for July 17, 2026, with redemption deadline July 15, 2026. Why it matters: If the extension is not approved, the SPAC will liquidate and public stockholders receive ~$11.01 per share. Approval gives more time to close the pending merger with Aiways Automobile Europe GmbH (BCA signed Nov 2024, Form F-4 filed Feb 2026). However, the SPAC is already delisted from Nasdaq (Jan 2025), trust is very small, and sponsor (98.27% owner) intends to vote for, making approval likely but the path to a completed deal remains uncertain.
What changed vs 2025-10-08deadline 2025-10-18 → 2026-07-18combination deadline1 moved
- Combination deadline
- 2025-10-182026-07-18
SpacBrain reads this as 273 days later than the previous record.
The clause “Amendment Proposal is not approved and (i) the Company does not consummate our Business Combination by July 18, 2026, (ii) pursuant to the terms of the Charter, the Sponsor does not extend the deadline for the Company to consummate a”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Form PRE 14A Preliminary Proxy Statement soliciting stockholder votes for a business combination extension amendment and adjournment proposal. The registrant proposes amending its Charter to extend the business combination termination date from July 18, 2026 to April 18, 2027 through nine one-month increments, explicitly noting that future extensions will no longer require monthly sponsor deposits into the Trust Account. As of June 29, 2026, the Trust Account contained approximately $414,070, translating to an anticipated per-share redemption price of approximately $11.01. Public shareholders may exercise early redemption rights at this extension vote prior to 5:00 p.m. Eastern Time on July 15, 2026. The filing updates deal progress regarding a Business Combination Agreement entered with Aiways Automobile Europe Gmbh on November 22, 2024: the Draft Registration Statement on Form F-4 for EUROEV Holdings Limited was submitted to the SEC on January 25, 2025, an initial Form F-4 was filed on February 20, 2026, and Amendment No. 1 is expected around the meeting date. Sponsor Hudson SPAC Holding, LLC beneficially owns 98.27% of outstanding Common Stock and has been informed by it that it intends to vote in favor of each proposal. Why it matters: Investors face an immediate redemption election deadline of July 15, 2026, allowing them to exit at the documented approximately $11.01 per-share valuation while shares remain untradable following Nasdaq delisting on January 24, 2025. The Sponsor's 98.27% voting stake mechanically guarantees extension approval regardless of public sentiment, forcing non-redeeming shareholders to accept prolonged illiquidity and regulatory delay risk tied to the Aiways transaction. The Board warns that heavy participation in this early redemption offer could drain the Trust Account to a fraction of the then-current $414,070, potentially leaving insufficient capital to consummate the pending combination and triggering a statutory liquidation process within ten business days if the Extension Amendment Proposal is rejected.
What changed: A quarterly report (Form 10-Q) for Hudson Acquisition I Corp. (HUDA) for the period ended March 31, 2026. This filing reports Q1 2026 results with a net loss of $86,519 (vs. $282,614 in Q1 2025), reflecting lower general and administrative expenses ($89,660 vs. $309,058). Trust account securities declined to $410,394, down from $406,761 at year-end. The company's cash position held outside the trust account increased to $348,164. Related party convertible notes payable increased to $1,145,106, and the company borrowed an additional $29,129 from the sponsor. A self-described 'excise tax overpayment' of $819,949 was identified, with $344,506 clawed back from redeeming stockholders. Why it matters: This filing updates the mechanics for investors tracking the trust value, extension schedule, and deal progress. The mandatory liquidation deadline is July 18, 2026, with no further extension payments required. The trust value per share rose significantly to $16.25 (from $16.21) due to interest and a $344,506 claw-back of previously redeemed overpayments, but total trust assets are only $411,632, of which only $410,394 is in marketable securities. The company remains delisted from Nasdaq, with no active public trading market. Management expressed substantial doubt about the company's ability to continue as a going concern if the business combination with Aiways Automobile Europe GmbH is not completed by July 18, 2026. The company disclosed an ongoing lawsuit regarding unpaid wages and a countersuit seeking $6.5 million.
What changed vs 2025-12-16trust $1.1M → $1.1M +3%trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $1.1M$1.1M
- Combination deadline
- 2026-07-18 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $500K · unchanged
SpacBrain reads this as $37,462 was added to the trust between the two filings.
The clause …“Convertible notes payable to related party at fair value 3 $ 1,145,106 $ 1,115,977 The marketable securities held in the Trust Account are considered trading securities as they are generally used with the objective of generating”…
The clause …“completion of the proposed Business Combination with Aiways Europe. If the Business Combination is not consummated by July 18, 2026, we will be required to cease all operations, redeem the outstanding public shares, and dissolve and”…
The clause …“a Business Combination not occur, and potential subsequent dissolution raises substantial doubt about the Company’s ability to continue as a going concern. Management intends to complete a Business Combination prior to the end of the”…
The clause …“promissory note, respectively. On December 1, 2022, the Sponsor applied the outstanding balance on the Promissory Note of $ 500,000 towards the payments for Private Placement Units. On July 20, 2023, the Company and the Sponsor”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: SEC Form 12b-25, a routine compliance exhibit notifying the Securities and Exchange Commission of a delayed quarterly filing. The filing introduces no changes to the SPAC’s redemption mechanics, trust account valuation, business combination deadline, or sponsor conduct. Chief Executive Officer Warren Wang stated that Hudson Acquisition I Corp. missed its scheduled Form 10-Q submission date because it requires additional time to work internally and with its advisor, auditor and legal counsel to prepare and finalize the Form 10-Q. The company confirmed that all other periodic reports over the preceding twelve months were filed on time and claimed no anticipated significant change in operating results compared to the prior-year period. The registrant set a revised submission target for the fifth calendar day following the original regulatory deadline. The document contains no substantive claims regarding customer pipelines, revenue metrics, market sizing, strategic partnerships, technology developments, or pending litigation beyond standard procedural disclosures. Contact details point to Warren Wang at 347 4104710, situated at 31 Hudson Yards, Office 51, New York, NY 10001, with execution dated May 14, 2026, for the period ended March 31, 2026. Why it matters: Administrative delays in periodic reporting do not trigger automatic extensions or modify shareholder redemption rights, but they often indicate internal bottlenecks or audit coordination challenges that investors should monitor closely. As a search-stage entity, any unexplained lag between operational events and public disclosure increases transparency risk and prolongs the period during which general and administrative expenses may draw down the trust balance before a de-SPAC transaction concludes. While this specific Form 12b-25 provides no data on capital expenditure trajectories or merger target validation, it establishes a baseline for evaluating whether the sponsor’s advisory team encounters structural impediments to timely financial reporting. Investors tracking the upcoming sunset provision should treat this notification as a watch signal rather than a mechanism shift, awaiting the eventual quarterly release to assess whether operational burn rates align with projected runway.
What changed: Form 10-K annual report for the fiscal year ended December 31, 2025, filed by Hudson Acquisition I Corp. (HUDA), a blank-check SPAC searching for a business combination. Trust value per share fell from $9.21 as of 2024-12-31 to $16.21 as of 2025-12-31 (due to nearly all remaining public shares being redeemed, leaving only 36,771 public shares outstanding, which mathematically increases the per-share trust value). Trust account cash dropped from $1,122,381 to $406,761. Public shares outstanding collapsed from 98,263 to 36,771 after an October 2025 extension vote triggered the redemption of 61,492 shares at ~$11.08 each. The business combination deadline was extended to July 18, 2026. HUDA's securities were delisted from Nasdaq effective January 24, 2025, and a Form 25 was filed on July 11, 2025; there is no active public market for its securities. An overpayment of approximately $819,949 to redeeming stockholders in prior extensions was disclosed, of which $344,506 has been clawed back as of the filing date. Sponsor carried a principal balance of $1,115,977 on convertible notes at year-end. Why it matters: This filing is the first comprehensive look at HUDA's condition since its Nasdaq delisting. The trust is nearly depleted and the public float is virtually zero (only 36,771 shares). The proposed business combination with Aiways Automobile Europe GmbH (an electric vehicle company), valued at $410 million in the November 2024 merger agreement, is the last meaningful path to avoid liquidation. The filing confirms that sponsor Hudson SPAC Holding LLC controls 98.27% of the voting power, meaning the combination is effectively subject only to sponsor approval. A $5.0 million PIPE at $5.00/share (half the $10.00 merger valuation) was completed in late 2025, diluting public holders further. The independent auditor HCL,PLLC issued a going-concern opinion. The filing also reveals a pending employment lawsuit against HUDA and a countersuit for at least $6.5 million. Investors should note the high risk of a near-zero recovery if the Aiways deal does not close by July 2026.
What changed vs 2025-05-27deadline 2025-10-18 → 2026-07-18combination deadline, trust account, going-concern doubt +11 moved · 3 with no prior record of ours
- Combination deadline
- 2025-10-182026-07-18
- Trust account
- $2.3Mnot matched in this filing
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $500K · unchanged
SpacBrain reads this as 273 days later than the previous record.
The clause …“Company will be able to consummate a Business Combination by this time. If a Business Combination is not consummated by July 18, 2026, there will be a mandatory liquidation and subsequent dissolution of the Company. Management has”…
The clause …“Operations Our independent registered public accounting firm has expressed substantial doubt about our ability to continue as a going concern. We have no operating revenues and depend on the trust account and related-party financing”…
The clause …“promissory note, respectively. On December 1, 2022, the Sponsor applied the outstanding balance on the Promissory Note of $500,000 towards the payments for Private Placement Units. On July 20, 2023, the Company and the Sponsor amended”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: A Form 8-K Current Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 disclosing a change in the registrant’s independent registered public accounting firm. On April 8, 2026, the audit committee approved the immediate dismissal of WWC, P.C. as the Company’s independent auditor and appointed HCL, PLLC as its replacement for the fiscal year ending December 31, 2025. According to the filing, WWC’s reports for the fiscal years ended December 31, 2024 and December 31, 2023 contained unqualified opinions, and there were no “disagreements” or “reportable events” between the Company and WWC concerning accounting principles, financial statement disclosure, or auditing scope through April 8, 2026. Chief Executive Officer Warren Wang executed the report, and Exhibit 16.1 includes a letter from WWC dated April 9, 2026 confirming the former auditor does not disagree with the Company’s disclosed statements regarding the transition. Why it matters: This 8-K provides no updates on the merger target search, redemption calendar, trust value, extension procedures, or sponsor conduct. The auditor change appears strictly administrative and uncontested, eliminating the red flags investors typically track when sponsors switch auditors ahead of a deSPAC transaction. Because the filing notes zero historical disputes or scope limitations, it carries no implication of hidden financial reporting risks. Consequently, the document leaves the July 18, 2026 liquidation deadline, the $11.08 trust value per share, and all shareholder redemption mechanics entirely unaffected. Outside the certified accounting firm substitution, the filing discloses no substantive operational, legal, or strategic developments.
What changed: Form 12b-25 Notification of Late Filing submitted by Hudson Acquisition I Corp. acknowledging its failure to timely file the Annual Report on Form 10-K for the fiscal year ended December 31, 2025. The registrant reported it requires additional time to work internally and with its advisor, auditor, and legal counsel to prepare and finalize the Form 10-K. It anticipates filing no later than the fifteenth calendar day following the prescribed due date. All other periodic reports under Section 13 or 15(d) were confirmed as previously filed. The notice does not detail trust account adjustments, formal extension approvals, or redemption mechanics. Why it matters: Investors tracking redemption deadlines, trust value, extensions, deal progress, and sponsor conduct should recognize that delayed annual filings often signal administrative or audit readiness friction while a SPAC remains in a searching status, frequently preceding formal extension proposals. The filing explicitly attributes the delay to preparatory coordination rather than operational disruption, and management states it does not anticipate significant changes in results of operations, which tempers immediate red flags regarding sudden revenue decline or fraud indicators. Because the notice itself does not amend the corporate charter to extend the business combination timeline, shareholders cannot rely on this filing alone to adjust redemption calendars, and must monitor for subsequent extension voting materials. CEO Warren Wang certified the statement on March 30, 2026, placing execution responsibility directly on current leadership. No claims regarding customers, revenue, market size, technology, partnerships, or litigation are contained in the document.
What changed: Quarterly Report on Form 10-Q (unaudited condensed financial statements for the period ended September 30, 2025). Trust/share: $11.08 (Sep 30, 2025), later redemptions at ~$10.89 in Oct 2025; trust value: $1,078,515. Deadline extended from Oct 18, 2025 to Jul 18, 2026. Deal: Business Combination Agreement with Aiways (EV company) remains signed but not closed. No monthly deposits required for extensions. Nasdaq delisting finalized Jul 11, 2025; no reverse merger listing path remains. Sponsor loan (convertible) increased to $1,088,591. Trustee overpaid ~$820k to prior redeeming stockholders; $344,506 clawed back as of Sep 30, 2025. Why it matters: SPAC is officially delisted with only 36,771 public shares outstanding after 4th extension, trust is tiny ($1.08M), working capital deeply negative ($4.68M deficit), and the Aiways deal faces a long, uncertain path without a Nasdaq listing. Sponsor funding is covering losses but trust is insufficient for a meaningful de-SPAC. The trust overpayment error indicates a past control lapse in trust accounting.
What changed vs 2025-10-20trust $1.1M → $1.1M -1%trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $1.1M$1.1M
- Combination deadline
- 2026-07-18 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $500K · unchanged
SpacBrain reads this as $15,376 left the trust between the two filings.
The clause …“assets 5,000 6,200 Total current assets 350,031 74,958 Marketable securities held in Trust Account 1,078,515 1,122,381 Interest receivable 3,601 4,217 Right-of-use assets, net 41,691 56,123 Total assets $ 1,473,838 $ 1,257,679”…
The clause …“Company will be able to consummate a Business Combination by this time. If a Business Combination is not consummated by July 18, 2026, there will be a mandatory liquidation and subsequent dissolution of the Company. Management has”…
The clause …“a Business Combination not occur, and potential subsequent dissolution raises substantial doubt about the Company’s ability to continue as a going concern. Management intends to complete a Business Combination prior to the end of the”…
The clause …“promissory note, respectively. On December 1, 2022, the Sponsor applied the outstanding balance on the Promissory Note of $ 500,000 towards the payments for Private Placement Units. On July 20, 2023, the Company and the Sponsor”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: SEC Form 12b-25 (Notification of Late Filing) submitted by Hudson Acquisition I Corp. to declare a delayed submission of its Quarterly Report on Form 10-Q for the period ended September 30, 2025. Chief Executive Officer Warren Wang, signing on behalf of the registrant from 31 Hudson Yards, Office 51, New York, NY 10001, states the company 'requires additional time to work internally and with its advisor, auditor and legal counsel to prepare and finalize the Form 10-Q.' The filing commits to delivering the report 'no later than the fifteenth calendar day following the prescribed filing date.' It confirms that all other periodic reports under Section 13 or 15(d) of the Securities Exchange Act or Section 30 of the Investment Company Act during the 'preceding 12 months' were filed successfully, and asserts no anticipated 'significant change in results of operations' for the upcoming statements. The document contains no information regarding business combination targets, trust account balances, shareholder redemption mechanics, sponsor extensions, or target due diligence. Why it matters: A late filing notification delays public access to the SPAC’s third-quarter financials, temporarily suspending investor scrutiny of trust expenditures, advisory fees, or transaction-related liabilities that typically inform redemption calculations and deal-progress assessments. While the registrant emphasizes prior compliance and denies imminent operational shifts, extended disclosure gaps can pressure shareholders weighing whether to await full financial transparency or exercise redemption rights ahead of the scheduled liquidation window. Monitoring the subsequently filed Form 10-Q will reveal whether the delay stems from routine quarterly compilation or from unresolved matters affecting sponsor conduct or capital preservation. Warren Wang remains the designated contact at 347 4104710.
What changed: 10-Q quarterly report for Hudson Acquisition I Corp. for the period ended June 30, 2025, filed on October 20, 2025. Trust account value decreased to $1,093,891 (from $1,122,381 at year-end 2024); net loss of $360,472 for six months; working capital deficit increased to $4,786,528; cash balance zero; fourth extension amendment filed extending deadline to July 18, 2026; Nasdaq delisting finalized on July 11, 2025; company disclosed overpayment of redemption proceeds by $819,949 and is seeking return; use of trust funds for operating expenses not in accordance with trust agreement; income tax payable $931,000, excise tax payable $719,176, franchise tax payable $298,886; no material update on business combination with Aiways. Why it matters: This filing reveals severe financial distress: trust account is being depleted for non-tax purposes, the company has no cash, is delisted from Nasdaq, and faces substantial doubt about going concern. The overpayment issue and misuse of trust funds raise sponsor conduct red flags. The deadline has been extended to July 2026, but with no cash and mounting liabilities, the ability to complete a business combination is highly uncertain. Investors should be aware of potential liquidation and loss of remaining trust value.
What changed vs 2025-07-15trust $1.1M → $1.1M -3%deadline 2025-10-18 → 2026-07-18trust account, combination deadline, going-concern doubt +12 moved · 2 with no prior record of ours
- Trust account
- $1.1M$1.1M
- Combination deadline
- 2025-10-182026-07-18
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $500K · unchanged
SpacBrain reads this as $28,490 left the trust between the two filings.
The clause …“assets 5,000 6,200 Total current assets 5,000 74,958 Marketable securities held in Trust Account 1,093,891 1,122,381 Interest receivable in cash and marketable securities held in the Trust Account 3,741 4,217 Right-of-use assets, net”…
SpacBrain reads this as 273 days later than the previous record.
The clause …“Company will be able to consummate a Business Combination by this time. If a Business Combination is not consummated by July 18, 2026, there will be a mandatory liquidation and subsequent dissolution of the Company. Management has”…
The clause …“a Business Combination not occur, and potential subsequent dissolution raises substantial doubt about the Company’s ability to continue as a going concern. Management intends to complete a Business Combination prior to the end of the”…
The clause …“promissory note, respectively. On December 1, 2022, the Sponsor applied the outstanding balance on the Promissory Note of $ 500,000 towards the payments for Private Placement Units. On July 20, 2023, the Company and the Sponsor”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: A Form 8-K Current Report (filed 2025-10-16) disclosing the results of a Special Meeting held on October 15, 2025, encompassing Item 5.03 (Amendments to Articles of Incorporation), Item 5.07 (Submission of Matters to a Vote of Security Holders), and Item 8.01 (Other Events), accompanied by Exhibit 3.1, a Certificate of Amendment to the Company’s Third Amended and Restated Certificate of Incorporation. Per the Company’s filing, stockholders approved a charter amendment extending the business combination deadline from October 18, 2025 to July 18, 2026 through nine consecutive one-month increments, with the registrant stating the amendment will no longer require monthly deposits into the Trust Account. At the September 25, 2025 record date, there were 2,181,088 shares outstanding and approximately 96% participated in the vote. For the Extension Amendment Proposal, the filing reports 2,090,009 votes FOR and 626 votes AGAINST. Under Item 8.01, the Company reports that 61,492 shares were redeemed at approximately $10.89 per share, resulting in an aggregate payout of approximately $670,000 and reducing the Trust Account balance to approximately $390,000. Why it matters: According to the Company’s statements, the approved extension pauses mandatory monthly trust contributions while granting a final operating window, though the reported redemption activity depleted liquid assets to approximately $390,000 post-payment. The registrant notes that the adjournment proposal also passed with 2,090,359 votes FOR and 276 AGAINST, indicating management maintains procedural flexibility for future proxy solicitations. Executed by Chief Executive Officer Warren Wang, the filing formally amends Delaware corporate records but contains no forward-looking commentary on target verticals, projected revenues, technology roadmaps, or ongoing litigation. The precise reduction of the trust pool following a single extension vote highlights sponsor-driven capital preservation mechanics and directly constrains subsequent runway for operational expenditures or due diligence costs.
What changed: A definitive proxy statement (DEF 14A) soliciting shareholder votes at a special meeting for a charter amendment to extend the business combination deadline and a motion to adjourn the meeting. The proposal extends the termination date from October 18, 2025, to July 18, 2026, removing the obligation for monthly trust deposits effective June 18, 2024. A redemption election is opened for public shares, priced at approximately $10.89 per share based on $1,078,515 held in the trust account as of September 26, 2025. The redemption deadline is 5:00 p.m. Eastern Time on October 13, 2025, prior to the October 15, 2025 special meeting. Why it matters: The sponsor holds 95% of the outstanding common stock and intends to vote for the proposals, making passage highly probable unless redemptions drain the trust excessively. The filing confirms a Draft Registration Statement on Form F-4 for the proposed merger with Aiways Automobile Europe Gmbh via EUROEV Holdings Limited was submitted to the SEC on January 25, 2025, with Amendment No. 4 expected around the meeting date. Nasdaq completed delisting the company's securities on January 24, 2025, due to missed listing requirements, raising compliance questions for the post-combination entity. If the extension fails, the board expects to cease operations and liquidate within ten business days, distributing the trust balance pro rata. The sponsor has separately agreed to cover any potential excise taxes under the Inflation Reduction Act on redemptions directly, shielding the trust account from those costs.
What changed vs 2024-06-24deadline 2025-01-18 → 2025-10-18combination deadline1 moved
- Combination deadline
- 2025-01-182025-10-18
SpacBrain reads this as 273 days later than the previous record.
The clause “Amendment Proposal is not approved and (i) the Company does not consummate our Business Combination by October 18, 2025, (ii) pursuant to the terms of the Charter, the Sponsor does not extend the deadline for the Company to consummate a”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Preliminary Proxy Statement (Schedule 14A) convening a Special Meeting of Stockholders on October 15, 2025 to solicit proxies for an Extension Amendment Proposal and an Adjournment Proposal. Redemption deadline, trust mechanics, and sponsor voting: According to the filing, the Board proposes amending the Charter to extend the Business Combination termination date from October 18, 2025 to July 18, 2026 via up to nine one-month increments. The amendment eliminates the requirement for monthly cash contributions to the Trust Account retroactive to June 18, 2024. As of September 26, 2025, the Company reports the Trust Account held approximately $1,078,515, which it anticipates translates to an approximate $10.89 per-share redemption price. There were 98,263 Public Shares outstanding as of the September 25, 2025 record date. Shareholders must submit written redemption requests and deliver stock by 5:00 p.m. Eastern Time on October 13, 2025. Deal progress: The proxy statement states the Company entered a Business Combination Agreement with Aiways Automobile Europe Gmbh on November 22, 2024. A Draft Registration Statement on Form F-4 for EUROEV Holdings Limited was submitted to the SEC on January 25, 2025, amended per SEC comments, with Amendment No. 4 expected around the meeting date. Sponsor conduct: Hudson SPAC Holding, LLC holds 2,082,825 shares, representing approximately 95% of outstanding Common Stock, and intends to vote those shares 'FOR' both proposals. The Sponsor waives redemption rights for its shares and contracts to pay any Inflation Reduction Act excise taxes triggered by redemptions without seeking recourse against the Trust Account. Why it matters: The extension purchases time to finalize the Aiways transaction, but the filing confirms Nasdaq delisted HUDA’s securities effective January 24, 2025 after the Company failed to satisfy minimum holder, public float, and market value standards, creating significant uncertainty regarding post-combination exchange eligibility and secondary-market liquidity for public shareholders who continue holding. Because the Sponsor controls roughly 95% of voting power, public stockholders cannot block the extension, leaving them to choose between collecting the documented approximately $10.89 per-share trust value before the October 13 redemption cutoff or remaining invested in a delisted vehicle with an extended dissolution timeline. The elimination of monthly cash calls reduces administrative and funding burdens on insiders but removes a discretionary liquidity buffer. The Company warns that mass exercise of the October 13 redemption right could drain trust balances below amounts needed to close the merger, potentially forcing unsolicited financing or triggering liquidation, while the Sponsor stands to forfeit its disclosed $25,000 founder contribution and $3,715,000 private placement investment if the Company fails to combine by the Extended Date.
What changed: A Form 12b-25, Notification of Late Filing, specifically filed as a routine compliance exhibit to explain the delayed submission of the Quarterly Report on Form 10-Q for the period ended June 30, 2025. The Registrant states it is unable to file its Q2 2025 Form 10-Q on time because it requires additional time to work internally and with its advisor, auditor, and legal counsel to prepare and finalize the report. It anticipates filing the report no later than the fifteenth calendar day following the prescribed due date. In Part IV, the Registrant checked "No" to whether all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 were filed during the preceding twelve months, without specifying which reports were late. Contact information lists Warren Wang at 347 4104710. Chief Executive Officer Warren Wang executed the notification on August 14, 2025. The filing contains no statements regarding merger target progression, extension mechanics, redemption thresholds, or trust account status. Why it matters: From a compliance and sponsor-conduct lens, this filing documents another administrative delay and establishes a stated history of untimely periodic reporting over the last twelve months, which the Registrant attributes to internal preparation needs and third-party coordination. While it does not alter statutory liquidation timelines or trigger extension procedures, a pattern of late filings can obstruct investor oversight, postpone material disclosures about business development or financial condition, and invite heightened regulatory scrutiny. Because the company neither disclosed active target negotiations nor outlined a revised merger deadline, shareholders face continued uncertainty regarding capital allocation timing and execution credibility. The filing's emphasis on auditing and legal review cycles may foreshadow deeper accounting or governance hurdles if unresolved before the existing deadline passes.
What changed: SEC Form 8-K submitted as a Rule 425 written communication disclosing historical redemption calculation errors and mandatory shareholder repayments, accompanied by forward-looking risk disclosures concerning a proposed business combination with EuroEV. No adjustment to the stated redemption deadline of 2026-07-18 or current trust distribution mechanics. According to the filing signed by Chief Financial Officer Pengfei Xie, the Company identified that it failed to withdraw all permissible interest from the Trust Account to cover income and franchise taxes prior to processing two prior extension redemptions. Per the registrant's disclosure, the July 17, 2023 extension distributed $10.42689823 per share to holders of 4,427,969 Public Shares rather than the correct $10.38037653 per share, creating an overpayment of $0.04652170 per share. The April 15, 2024 extension distributed $10.93353377 per share to holders of 2,315,868 Public Shares rather than the correct $10.66842678 per share, creating an overpayment of $0.26510699 per share. The Company and trustee Continental Stock Transfer & Trust Company are instructing those specific past redeeming stockholders to return the respective overpayment amounts. Why it matters: This filing contains no update on the EuroEV combination timeline, confirming the SPAC remains in a search phase. Mechanically, the repeated omission of allowable tax withdrawals before extension payout demonstrates a lapse in trust account administration controls that directly impacts how redemption pricing is calculated and settled. While it does not alter the current trust environment or the 2026-07-18 deadline, the mandatory restitution requests signal that sponsor administrators lack robust real-time reconciliation processes, which investors should scrutinize when assessing readiness for subsequent extension votes or potential termination. The filing also includes standard forward-looking statements noting risks that the proposed Business Combination may not complete by the deadline, may face stockholder approval failures, or may encounter supply chain, regulatory, and capital-raising uncertainties, none of which advance the transaction's material terms or voting schedule.
What changed: Form 8-K Current Report identifying calculation errors in two past extension redemption payouts and serving as a Rule 425 written communication containing forward-looking statements and risk disclosures for a proposed business combination with EuroEV. According to the company’s filing, it failed to withdraw all permissible interest from the Trust Account to cover income and franchise taxes prior to two historical distributions. As a result, holders of 4,427,969 shares redeemed on July 25, 2023 were paid $10.42689823 per share instead of $10.38037653, causing an overpayment of $0.04652170 per share. Holders of 2,315,868 shares redeemed on April 25, 2024 were paid $10.93353377 per share instead of $10.66842678, causing an overpayment of $0.26510699 per share. The company directed these First and Second Extension Redeeming Stockholders to return the excess amounts to trustee Continental Stock Transfer & Trust Company. Why it matters: This correction retroactively adjusts the trust consumption and per-share payout records for both extension periods, meaning prior redemption recipients must remit funds back to the trust rather than retaining the full calculated interest. The filing’s accompanying forward-looking statements and risk factors highlight continued uncertainties surrounding the pending EuroEV merger, including completion timelines, Nasdaq listing standards, regulatory approvals, and potential increases in redemptions, reinforcing that the July 18, 2026 deadline carries substantial execution risk regardless of the technical redemption correction.
What changed: SEC Division of Corporation Finance, Office of Manufacturing cover letter confirming completion of review for Hudson Acquisition I Corp.'s Form 10-K for the period ended December 31, 2024. The exhibit contains no updates to redemption windows, trust account mechanics, extension procedures, business combination milestones, or sponsor governance actions. Personnel within the Division of Corporation Finance, Office of Manufacturing notified Chief Financial Officer Pengfei Xie at 31 Hudson Yards, Office 51, New York, NY 10001, that its administrative review of the annual report concluded without issuing comment letters or requiring restatements. The staff explicitly attributed ongoing disclosure liability to the company and its management, stating accuracy and adequacy responsibilities persist regardless of staff action or inaction. The filing reports zero details regarding prospective targets, operational metrics, customer relationships, revenue recognition, market sizing, intellectual property, joint ventures, pending lawsuits, or executive transitions. Why it matters: Dated July 16, 2025 and cross-referenced to File No. 001-41532, the document functions as a procedural receipt confirming the SEC received and processed the annual filing without objection. It provides no actionable intelligence on the SEARCHING mandate, capital deployment, potential extension resolutions, or shareholder exit economics. Because the text supplies no forward-looking schedules, cash utilization plans, or target identifiers, it does not recalibrate redemption expectations, trust valuation assumptions, or deal-timing models. Investors tracking HUDA should treat this as a routine compliance checkpoint that closes the review cycle for the period ended December 31, 2024 while offering no substantive shift in the SPAC's operational or transactional trajectory.
What changed: A formal Securities and Exchange Commission correspondence (CORRESP) in which Hudson Acquisition I Corp. responds to a Division of Corporate Finance comment letter dated June 24, 2025 regarding its Form 10-K for the year ended December 31, 2024. Per the SEC Staff, the Company was delinquent in filing its Form 10-Q for the quarter ended March 31, 2025. The Company, represented by Chief Financial Officer Pengfei Xie, confirmed that the Form 10-Q was filed on July 15, 2025. Nothing altered in the SPAC mechanics: the filing does not propose an extension, announce a target, adjust the trust account, or trigger a redemption vote. The underlying 10-K was originally submitted on May 27, 2025. Why it matters: Regulatory delays can indicate administrative friction or prioritization shifts while a sponsor remains in SEARCHING status ahead of the 2026-07-18 deadline. Although this correspondence leaves the redemption timeline, trust distribution schedule, and sponsorship conduct untouched, persistent filing lags historically correlate with compressed merger negotiation windows or heightened exchange compliance inquiries. Investors tracking capital structure events should watch for subsequent DEF 14As or 8-Ks disclosing whether this compliance correction coincided with stalled due diligence, postponed board approvals, or updated capital raise efforts that could eventually alter the net tangible assets threshold or shareholder redemption calculus.
What changed: Quarterly report (Form 10-Q) for the period ended March 31, 2025. Financial position deteriorated: cash and trust balance fell to ~$1.1M from $1.12M at year-end; working capital deficit grew to $4.7M; accumulated deficit rose to $7.2M. Only 98,263 public shares remain at a redemption value of $9.29/share, below the $10.00 IPO price. The Nasdaq Hearings Panel formally delisted HUDA securities on January 22, 2025, and trading was suspended effective January 24, 2025; the delisting was completed on July 11, 2025. The company re-domesticated from Delaware to Wyoming on July 2, 2025. The business combination agreement with Aiways Automobile Europe GmbH (executed November 22, 2024) remains uncompleted. A $1.5M bridge loan from Aiways is due on demand but has not been demanded as of July 14, 2025. Management expresses substantial doubt about going concern. Why it matters: Redemption mechanics: with only 98,263 public shares and trust account of $1.09M, remaining shareholders face a trust value per share of $9.29, which is below the $10.00 IPO price and may decline further if the deal fails. The deadline to complete a business combination is October 18, 2025; failure will trigger mandatory liquidation. Nasdaq delisting eliminates exchange trading, harming liquidity and price discovery for remaining holders. The sponsor faces potential repayment of the Aiways bridge loan if the deal fails. The excise tax liability of $719,176 remains unpaid, accruing 10% annual interest and 5% monthly penalties, adding additional risk to any liquidation proceeds. No new operational business or revenue generated; the company remains a shell.
What changed vs 2024-11-14trust $1.9M → $1.1M -42%trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $1.9M$1.1M
- Combination deadline
- 2025-10-18 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $500K · unchanged
SpacBrain reads this as $818,092 left the trust between the two filings.
The clause “2024 Assets: Cash and marketable securities held in Trust Account 1 $ 1,091,680 $ 1,122,381 The marketable securities held in the Trust Account are considered trading securities as they are generally used with the objective of generating”…
The clause …“Company will be able to consummate a Business Combination by this time. If a Business Combination is not consummated by October 18, 2025, there will be a mandatory liquidation and subsequent dissolution of the Company. Management has”…
The clause …“a Business Combination not occur, and potential subsequent dissolution raises substantial doubt about the Company’s ability to continue as a going concern. Management intends to complete a Business Combination prior to the end of the”…
The clause …“promissory note, respectively. On December 1, 2022, the Sponsor applied the outstanding balance on the Promissory Note of $ 500,000 towards the payments for Private Placement Units. On July 20, 2023, the Company and the Sponsor”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: A Delisting Determination and Final Staff Determination notice from The Nasdaq Stock Market, LLC. Nasdaq Staff has determined to remove Hudson Acquisition I Corp. securities from listing effective at the opening of the trading session on July 21, 2025. According to the Company's submission, Nasdaq Staff originally notified the Company of this determination on July 23, 2024. The Listing Qualifications Hearings Panel had already suspended the Company on January 24, 2025, after deciding on January 22, 2025, that the Company failed to meet all milestones necessary to regain compliance per the Panel's September 27, 2024 Decision letter. The Staff determination became final on March 10, 2025. Why it matters: Nasdaq explicitly cited the Company's failure to qualify for listing under Listing Rules 5250(c)(1), 5450(a)(2), 5450(b)(2)(B), 5450(b)(3)(B), 5450(b)(2)(C), and 5450(b)(2)(A). The Exchange's final action severs listed trading channels while the entity searches for a business combination ahead of its July 18, 2026 deadline, which structurally accelerates pressure on standard redemption mechanics and trust value distribution pathways, though the filing itself discloses no extension votes, merger progress, or sponsor conduct beyond the regulatory timeline. Nasdaq recorded the Company exercising its appeal right on July 24, 2024, receiving partial moot letters on July 29, 2024, and August 12, 2024, attending a hearing on August 22, 2024, and ultimately facing sustained suspension and delisting.
What changed: SEC Division of Corporation Finance comment letter regarding the company’s Form 10-K for the period ended December 31, 2024. This document is an SEC comment letter notifying management that the company is delinquent in filing its Form 10-Q for the quarterly period ended March 31, 2025, and requiring a response or filing timeline within ten business days. The letter does not modify redemption calendars, trust account mechanics, extension terms, or business combination progress. It contains no substantiated claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel, and attributes standard disclosure accuracy obligations solely to company management. Why it matters: Regulatory filing delinquency introduces compliance friction that may delay merger execution and invite further SEC review before the scheduled liquidation window. Investors tracking the SPAC’s deal cadence, sponsor execution, and redemption/trust safeguards should watch for timely submission of the overdue Form 10-Q, as recurring reporting gaps often signal operational bottlenecks or partnership stalls that could compress the time available to consummate a transaction.
What changed: Hudson Acquisition I Corp.'s Form 10-K annual report for fiscal year ended December 31, 2024, filed May 27, 2025, including audited financial statements and exhibits, most notably the November 22, 2024 Business Combination Agreement with Aiways Automobile Europe GmbH, EuroEV Holdings Limited and Aiways Merger Sub, Inc., plus certificate of incorporation amendments, bylaws, securities description, CEO/CFO certifications and clawback policy. The 10-K reports that the SPAC is still pre-deal and has not closed a business combination. Trust assets at December 31, 2024 were $1,122,381, plus $4,217 of interest receivable, with only 98,263 public shares outstanding carried at a redemption value of $9.21 per share. The filing discloses that Nasdaq determined to delist the securities effective at the open of trading on January 24, 2025, after the company failed to close its business combination by January 20, 2025, and management decided not to appeal. It also discloses a March 25, 2025 amendment to the Business Combination Agreement extending the outside date from April 18, 2025 to July 18, 2025 and abandoning the proposed change of HUDA rights from 1/5 to 1/50 of a share, so each right remains convertible into 1/5 of a HUDA share. The filing further discloses that trust account withdrawals intended for taxes were used to pay non-tax operating expenses, leaving $380,312 withdrawn but not remitted to tax authorities, plus unpaid income tax of $943,000, excise tax of $719,176 and franchise tax of $298,886, and the auditor's report includes substantial doubt about the company's ability to continue as a going concern. Why it matters: Redemption math and timeline are central: the trust account is only about $1.12 million, the balance sheet values the remaining redeemable public shares at $9.21 per share, the charter liquidation deadline is October 18, 2025 if no business combination closes, and the amended BCA outside date is July 18, 2025. Nasdaq delisting is a direct obstacle because the BCA requires approval for listing Pubco ordinary shares on Nasdaq, and the combined entity would need initial listing approval. The BCA also still requires at least $100 million of transaction financing. The trust account misuse disclosure raises creditor-claim risk that could further reduce per-share redemption proceeds. Sponsor conduct matters here too: under the BCA, the Sponsor and Sponsor Guarantor agreed to pay HUDA closing expenses, certain required pre-closing taxes, and to repay the $1.5 million bridge advance in specified termination scenarios; the Sponsor also has a $240,000 outstanding extension note and the company pays the Sponsor $20,000 per month for administrative support.
What changed vs 2024-07-23trust $26.0M → $2.3M -91%trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $26.0M$2.3M
- Combination deadline
- 2025-10-18 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $500K · unchanged
SpacBrain reads this as $23,760,360 left the trust between the two filings.
The clause …“of $121,221, which consisted of interest earned on marketable securities held in the trust account of $2,276,593 and interest earned on operating cash account of $177, offset by general and administrative expenses of $1,309,549,”…
The clause …“Company will be able to consummate a Business Combination by this time. If a Business Combination is not consummated by October 18, 2025, there will be a mandatory liquidation and subsequent dissolution of the Company. Management has”…
The clause …“accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a “going concern.” ● Our public stockholders may not be afforded an opportunity to vote on our proposed”…
The clause …“Placement Units. Additionally, on December 1, 2022, the Sponsor applied the outstanding balance on the Promissory Note of $500,000 towards the remaining stock subscription balance, which fully funded the Sponsor’s purchase of the”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: SEC Form 12b-25 Notification of Late Filing for Form 10-K. Hudson Acquisition I Corp. notified the SEC that its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, will be filed after the original deadline. Chief Executive Officer Warren Wang stated the registrant requires additional internal time to coordinate with its advisor, auditor, and legal counsel to prepare and finalize the report, projecting submission no later than the fifteenth calendar day following the prescribed due date. Why it matters: The notification does not modify the SPAC’s SEARCHING status, reported trust value of $11.08 per share, or redemption deadline of 2026-07-18, and it does not request a formal business combination extension. However, the deferred 10-K temporarily suspends public disclosure of audited financials, which restricts shareholder visibility into trust usage, liability positions, and sponsor diligence progress ahead of potential merger announcements or redemption decisions. CEO Warren Wang confirmed that all other periodic reports over the preceding 12 months were filed and denied any anticipated significant change in results of operations for the subject report, characterizing the delay as an administrative accounting cycle matter rather than an indication of operational distress, liquidity constraints, or settlement negotiations that could trigger early redemptions.
What changed: A Form 8-K Current Report filed as a Rule 425 written communication that discloses a March 25, 2025 Amendment to a Business Combination Agreement and reports a Nasdaq Hearings Panel delisting notice. Hudson Acquisition I Corp. (HUDA) reported that on March 25, 2025, it executed an Amendment to the Business Combination Agreement with EUROEV Holdings Limited, Aiways Automobile Europe GmbH, and Aiways Tech Limited. Per Item 1.01, the amendment deletes HUDA’s covenant to use efforts to amend its October 14, 2022 Rights Agreement to change the conversion rate from one-fifth to one-fiftieth of a HUDA share, abandoning that effort and contractually establishing that each HUDA Right converts into one-fifth of a HUDA share at closing. The amendment also replaces the Section 10.1(b) outside termination date from April 18, 2025 to July 18, 2025. Under Item 3.01, HUDA reported receiving a January 22, 2025 written Notice Letter from the Nasdaq Hearings Panel determining to delist HUDA’s securities for failing to satisfy a September 27, 2024 Decision requiring the business combination and evidence of initial listing compliance by January 20, 2025. HUDA notified the Panel on January 21, 2025 it could not meet the January 20, 2025 deadline; consequently, Nasdaq suspended trading at the open of January 24, 2025, and Nasdaq will complete the delisting by filing Form 25 after review and appeal periods lapse. Why it matters: The extension to July 18, 2025 pushes the contractual deadline to close or terminate the merger, directly resetting the window for shareholder meetings, redemption voting procedures, and the point at which trust account liquidation would trigger if no business combination occurs. Permanently fixing the rights conversion ratio at one-fifth establishes a static post-combination capital structure baseline, removing the previously contemplated one-fiftieth adjustment and altering expected dilution parameters for remaining investors. The documented Nasdaq delisting creates immediate exchange listing risk; because the panel mandated initial listing criteria validation by January 20, 2025, the SPAC has already missed a structural compliance checkpoint, which heightens execution uncertainty for the combined entity and typically correlates with elevated redemption exposure ahead of any remaining deadline. Beyond these mechanical and listing developments, the filing contains forward-looking statement disclaimers and risk factor disclosures authored collectively by EuroEV, HUDA, and the Company, with no specific customer metrics, revenue figures, market size estimates, technology roadmaps, partnership details, or personnel movements disclosed in the text. Executing signatories identified are Warren Wang for HUDA, Yanmin Zhang for EuroEV and Aiways Tech Limited, and Alexander Klose-Mozer for Aiways Automobile Europe GmbH.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- 2025-07-18 · unchanged
The clause …“at the closing of HUDA’s initial business combination, and (ii) extend the outside date on which either HUDA or the Company can terminate the BCA from April 18, 2025 to July 18, 2025. The foregoing description of the BCA Amendment is”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: A Form 8-K Current Report detailing the execution of a First Amendment to a Business Combination Agreement and the retrospective disclosure of a Nasdaq delisting notice. Per the filing, HUDA and the counterparties to the proposed acquisition of EUROEV Holdings Limited and Aiways Automobile Europe GmbH agreed to extend the contractual outside date for terminating the merger agreement from April 18, 2025 to July 18, 2025. The amendment also permanently abandons HUDA’s prior obligation to use commercially reasonable efforts to amend its Rights Agreement to reduce the conversion ratio of each right from 1/5th to 1/50th of a common share, locking in the 1/5th conversion rate at closing. Additionally, the registrant reported that on January 22, 2025, the Nasdaq Hearings Panel issued a notice determining to delist HUDA’s securities, with trading scheduled to suspend January 24, 2025. According to the company, Nasdaq reached this conclusion after HUDA informed the panel on January 21, 2025 that it could not meet a January 20, 2025 deadline to close the business combination and demonstrate compliance with initial listing standards. Why it matters: The extension shifts the effective end-date for any mandatory redemption or liquidation cycle forward by roughly three months, extending the period during which trust assets remain locked and public shareholders await a final vote or payout decision. By retaining the 1/5th rights conversion mechanism rather than moving toward 1/50th, the sponsor preserves the existing economic calculus for rights holders and alters the post-combination fully diluted share count compared to earlier market assumptions. The delayed reporting of the Nasdaq delisting determination raises governance concerns, as the filing itself contains a draft notation questioning why the January event was not disclosed contemporaneously. Furthermore, the presence of a Nasdaq hearing panel ruling underscores that exchange compliance remains an active, unresolved condition to the merger’s completion. Executive Warren Wang’s execution of the amendment confirms management continues to pursue the transaction despite the exchange enforcement action, but public investors must assess whether the revised July 18, 2025 timeline realistically permits both shareholder approval and Nasdaq listing qualification.
outside date1 moved
- Outside date
- 2025-04-182025-07-18
SpacBrain reads this as 91 days later than the previous record.
The clause …“at the closing of HUDA’s initial business combination, and (ii) extend the outside date on which either HUDA or the Company can terminate the BCA from April 18, 2025 to July 18, 2025. The foregoing description of the BCA Amendment is”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Business Combination Agreement (BCA) between SPAC HUDA and electric vehicle company Aiways Automobile Europe GmbH, filed on Form 8-K. On November 22, 2024, HUDA entered into a BCA with EuroEV Holdings and Aiways, proposing a merger. Key terms: consideration of $410M at $10 per Pubco share; HUDA to extend deadline monthly beyond January 25, 2025 (up to October 18, 2025); sponsor pays closing expenses and can convert up to $1.5M in loans at $10/share; trust account at least $1,109,000; no minimum cash condition; Outside Date April 18, 2025; lock-up provisions for sellers; redemption rights for public stockholders. Why it matters: This filing provides the first detailed terms of HUDA's business combination target. Investors can now assess the deal structure, redemption mechanics, trust value, extension plans, and sponsor commitments. The Outside Date is April 18, 2025, with extensions available. Redemption rights are provided. No minimum cash condition reduces deal risk.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- not previously extracted2025-04-18
SpacBrain reads this as the agreement may be terminated from 2025-04-18.
The clause …“set forth in Article IX have not been satisfied or waived on or prior to April 18, 2025 (the “ Outside Date ”); provided , however , that the right to terminate this Agreement under this Section 10.1(b) shall not be available to a”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Form 8-K (Regulation FD Disclosure and Exhibits) containing a press release announcing a definitive Business Combination Agreement. Per the attached press release, HUDA executed a definitive Business Combination Agreement with Aiways Automobile Europe GmbH. The press release assigns a pre-combination equity valuation of $410 million to Aiways Europe. Management stated that EUROEV Holdings Limited will serve as the parent company post-closing. The press release notes Aiways Europe has sold approximately 6,000 electric vehicles in Europe since 2020 and plans to localize production in Europe beginning in 2025. Aiways Europe CEO Dr. Alexander Klose-Mozer, anticipated to lead the merged EuroEV entity, stated he has over 30 years in the automotive industry and expressed belief that the European BEV market will mature into the fastest-growing market over the next 10-15 years. The filing also identifies Ellenoff Grossman & Schole LLP and Feinstein Law as U.S. legal advisors. Why it matters: This filing moves HUDA out of 'SEARCHING' status and triggers the de-SPAC process, obligating the registrant to file a Registration Statement on Form F-4 containing a preliminary proxy statement and prospectus. Those future filings will establish the definitive redemption calendar, trust account per-share payout mechanics, and voting deadlines. The $410 million valuation provided by the press release sets the baseline for investor deal economics. Additionally, the disclosed supply chain architecture—sourcing from a Chinese affiliate, securing memoranda of understanding for additional light vehicle and van manufacturers, and targeting 2025 European localization—provides early, management-attributed visibility into execution pathways and operational scaling that shareholders will weigh against potential redemptions when the proxy materials are published.
What changed: Quarterly Report on Form 10-Q for the period ended September 30, 2024, filed by Hudson Acquisition I Corp. (HUDA) with the SEC. The filing reports the following key changes: 1) On July 5, 2024, shareholders approved a third extension of the business combination deadline to October 18, 2025, with no further monthly deposits into the trust account; 3,200 public shares were redeemed at approximately $11.08 per share, reducing public shares to 98,263. 2) The Company received a Nasdaq delisting notice on July 23, 2024, but on September 27, 2024, obtained a continued listing exception subject to conditions, including completing the proposed business combination with Aiways Automobile Europe GmbH by January 20, 2025. 3) The Company entered into promissory note agreements with Aiways, receiving $1,000,000 in June 2024 and $476,882 in September 2024, recorded as advances from target company for de-SPAC transaction. 4) Net loss for the nine months ended September 30, 2024 was $853,947, compared to a net loss of $9,767 in the same period of 2023. 5) Working capital deficit was $2,250,765 as of September 30, 2024, and the Company expressed substantial doubt about its ability to continue as a going concern. 6) The trust account balance decreased from $26,036,953 at December 31, 2023 to $1,109,108 at September 30, 2024, primarily due to redemptions. 7) Material weaknesses in internal control over financial reporting continue to exist. 8) The Company's common stock subject to possible redemption was 98,263 shares at a redemption value of $9.10 per share as of September 30, 2024, down from 2,417,331 shares at $10.56 per share at December 31, 2023. Why it matters: This filing is material because it provides critical updates on the SPAC's dwindling trust, the risk of Nasdaq delisting, and the tight timeline to close the Aiways deal. The trust per share has fallen to $11.08, but the redemption value is $9.10, indicating potential losses for remaining public shareholders if the deal fails. The working capital deficit and going concern warning highlight severe liquidity constraints. The Nasdaq conditional listing exception requires the business combination to close by January 20, 2025, adding urgency. The continued material weaknesses in internal controls raise governance concerns. Investors monitoring redemption deadlines, deal progress, and sponsor conduct will find this filing highly informative.
What changed vs 2024-08-21trust $1.5M → $1.9M +25%trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $1.5M$1.9M
- Combination deadline
- 2025-10-18 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $500K · unchanged
SpacBrain reads this as $393,358 was added to the trust between the two filings.
The clause …“loss of $9,767, which consisted of interest earned on marketable securities held in the trust account of $1,940,473, offset by general and administrative expenses of $1,237,240, franchise tax expense of $150,000, and provision for”…
The clause …“Company will be able to consummate a Business Combination by this time. If a Business Combination is not consummated by October 18, 2025, there will be a mandatory liquidation and subsequent dissolution of the Company. Management has”…
The clause …“a Business Combination not occur, and potential subsequent dissolution raises substantial doubt about the Company’s ability to continue as a going concern. Management intends to complete a Business Combination prior to the end of the”…
The clause …“to $ 500,000 . Additionally, on December 1, 2022, the Sponsor applied the outstanding balance on the Promissory Note of $ 500,000 towards the remaining stock subscription balance, which fully funded the Sponsor’s purchase of the”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Quarterly Report (Form 10-Q) for Hudson Acquisition I Corp. for the period ended June 30, 2024. Trust account shrank from $26,036,953 to $1,190,740 after massive redemptions (2,315,868 shares at $11.10 in April 2024, plus 3,200 shares at $11.08 in July 2024 post-quarter). Only 101,463 public shares remain. The SPAC extended its deadline to October 18, 2025, with no monthly deposits required. It received a $1 million non-refundable advance from target Aiways Automobile Europe GmbH for a proposed de-SPAC. Nasdaq notified the company of delisting on July 23, 2024, citing multiple listing deficiencies; the company has appealed. Working capital deficit is $2,006,280. Management identified material weaknesses in internal controls and going concern uncertainty. Why it matters: This filing is critical for investors tracking redemption deadlines, trust value, and deal progress. The trust is nearly depleted, the SPAC is at risk of Nasdaq delisting, and it has a limited window to close a business combination with Aiways. The advance from Aiways indicates a potential deal, but the company's financial condition is precarious. The delisting risk and going concern warning highlight significant downside risk.
What changed vs 2024-08-02trust $26.2M → $1.5M -94%trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $26.2M$1.5M
- Combination deadline
- 2025-10-18 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $500K · unchanged
SpacBrain reads this as $24,688,042 left the trust between the two filings.
The clause …“of $433,379, which consisted of interest earned on marketable securities held in the trust account of $1,547,115, offset by general and administrative expenses of $558,736 and franchise tax expense of $100,000. Factors That May”…
The clause …“Company will be able to consummate a Business Combination by this time. If a Business Combination is not consummated by October 18, 2025, there will be a mandatory liquidation and subsequent dissolution of the Company. Management has”…
The clause …“a Business Combination not occur, and potential subsequent dissolution raises substantial doubt about the Company’s ability to continue as a going concern. Management intends to complete a Business Combination prior to the end of the”…
The clause …“to $ 500,000 . Additionally, on December 1, 2022, the Sponsor applied the outstanding balance on the Promissory Note of $ 500,000 towards the remaining stock subscription balance, which fully funded the Sponsor’s purchase of the”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: A Form 12b-25 Notification of Late Filing submitted to the SEC for a quarterly report on Form 10-Q for the period ended June 30, 2024. Chief Executive Officer Warren Wang stated the registrant cannot file its quarterly report on Form 10-Q on time and requires additional time to work internally and with its advisor, auditor, and legal counsel to prepare and finalize the document. The registrant plans to submit the Form 10-Q before August 20, 2024. The filing confirms that all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months were filed timely, and the registrant answers no when asked whether a significant change in results of operations will be reflected in the upcoming report. Why it matters: This late-filing procedure temporarily delays public disclosure of updated trust account cash positions, interest accruals, and sponsor activity records that normally accompany a timely 10-Q, though the referenced trust valuation remains $11.08 per share and the business combination deadline is July 18, 2026. By executing a Rule 12b-25(b) notification and designating Warren Wang (telephone number 347 4104710) as the contact, the company secures a regulatory grace period intended to prevent exchange delisting actions or trading halts that could disrupt the target-search process before the 2026 expiration. The document contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, or litigation.
What changed: Quarterly Report (Form 10-Q). This is a routine quarterly filing covering the period ended March 31, 2024. It discloses that the sponsor could not facilitate drawdowns under the extension note since October 2023, leading to delinquent trust payments. Post-period, in April 2024, stockholders approved a charter amendment to extend the deadline to January 18, 2025 with reduced monthly deposits of $25,000, and also removed the prohibition on combinations with China-based entities. A subsequent July 2024 amendment further extended the deadline to October 18, 2025 and eliminated monthly trust deposits. Additionally, on July 23, 2024, the Company received a Nasdaq delisting notice due to non-compliance with multiple listing standards (including market value, publicly held shares, and filing delinquencies); the Company has appealed and requested a hearing scheduled for August 22, 2024. Why it matters: The disclosure reveals a severe liquidity and going-concern crisis. The sponsor has stopped funding extension payments, the trust value is drained from $69 million at IPO to $26 million, and 97% of public shares have been redeemed. The company is now subject to mandatory Nasdaq delisting proceedings. Management has expressed substantial doubt about the company's ability to continue as a going concern if a business combination is not completed by October 18, 2025.
What changed vs 2023-11-14trust $25.5M → $26.2M +3%deadline 2024-04-18 → 2025-10-18trust account, combination deadline, going-concern doubt +22 moved · 3 with no prior record of ours
- Trust account
- $25.5M$26.2M
- Combination deadline
- 2024-04-182025-10-18
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $500K · unchanged
- Redeemable shares
- 2.42Mnot matched in this filing
SpacBrain reads this as $694,324 was added to the trust between the two filings.
The clause …“assets 5,000 11,748 Total current assets 17,604 23,448 Marketable securities held in Trust Account 26,235,157 26,036,953 Total assets $ 26,252,761 $ 26,060,401 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Accounts payable”…
SpacBrain reads this as 548 days later than the previous record.
The clause …“Company will be able to consummate a Business Combination by this time. If a Business Combination is not consummated by October 18, 2025, there will be a mandatory liquidation and subsequent dissolution of the Company. Management has”…
The clause …“a Business Combination not occur, and potential subsequent dissolution raises substantial doubt about the Company’s ability to continue as a going concern. Management intends to complete a Business Combination prior to the end of the”…
The clause …“to $ 500,000 . Additionally, on December 1, 2022, the Sponsor applied the outstanding balance on the Promissory Note of $ 500,000 towards the remaining stock subscription balance, which fully funded the Sponsor’s purchase of the”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: A Form 8-K current report accompanied by an attached press release, documenting a Nasdaq delisting notice and the company's administrative response, including a hearing request, fee payment, and delayed periodic filing submissions. This filing does not amend the stated redemption deadline or adjust the trust account value, and no extension is granted here. However, according to Nasdaq staff findings detailed in the report, massive shareholder redemptions have left the company with approximately 105,000 publicly held shares, falling drastically short of the 1,100,000 share requirement. Trading was halted and is scheduled for suspension on August 1, 2024, unless the company's successful appeal prevents it. The company responded by applying to transfer to the Nasdaq Capital Market on July 24, 2024, submitting an appeal by the July 30, 2024 deadline, paying a $20,000 hearing fee, securing an August 22, 2024 hearing date, and filing its overdue Form 10-K for the year ended December 31, 2023 on July 23, 2024. Why it matters: The delisting directly impacts tradability and liquidity for public shareholders ahead of any de-SPAC transaction. Nasdaq staff determined that as of July 22, 2024, the market value of listed securities was $23,828,956 and the market value of publicly held shares was $1.3 million, both missing the required $50,000,000 and $15 million thresholds respectively. The exchange also flagged a potential breach of the minimum 400 total holders rule due to the redemption volume. Regarding merger strategy, the press release stated the company remains searching for a business combination and affirmed that SPAC delisting will not preclude the future combined entity from obtaining initial Nasdaq listing approval under standard quantitative standards. Personnel disclosures identify Chief Executive Officer Warren Wang as the signing officer, with Pengfei Xie listed for corporate contact and Annabelle Zhang at International Elite Capital Inc. handling investor and media relations. No customer, revenue, market size, technology, partnership, or litigation specifics are provided beyond these compliance and administrative actions.
What changed: Annual report on Form 10-K for the fiscal year ended December 31, 2023. This filing is the first 10-K filed by HUDA, covering the period from the IPO through a massive trust-draining redemption event. It reveals that as of December 31, 2023, the trust held $26.0 million, down from $70.0 million at the end of 2022. The reduction was driven by the exercise of redemption rights by 4,427,969 public shares at $10.43 per share in July 2023, followed by a second redemption of 2,315,868 shares at $11.10 per share in April 2024 after the close of the fiscal year. The filing also reports that the company had only $11,700 in cash outside the trust and a working capital deficit of $1.2 million. Material weaknesses in internal control over financial reporting were identified, including delinquent SEC filings and complex accounting issues. The auditor expressed substantial doubt about the company's ability to continue as a going concern. The charter was amended to extend the deadline to October 18, 2025, and to remove the prohibition on business combinations with China-based entities. The CEO and Chairman resigned in March 2024 and were replaced. The company also changed its auditor from UHY LLP to WWC, P.C., effective June 1, 2024. Why it matters: This filing is material because it signals that HUDA has a rapidly depleting trust, severe liquidity constraints outside the trust, and ongoing internal control failures. The fact that the sponsor could not make required monthly extension payments to the trust in early 2024 indicates financial strain. The removal of the China restriction opens the door to Chinese targets, which may be seen as either an opportunity or a risk, depending on investor sentiment. The auditor's going concern opinion and the SEC delinquencies point to a high-risk, time-pressed SPAC. For an investor tracking redemption deadlines, this filing documents the massive dilution of the float and the precarious state of the operating cash needed to facilitate a deal.
What changed vs 2023-09-27trust $70.0M → $26.0M -63%deadline 2024-04-18 → 2025-10-18trust account, combination deadline, going-concern doubt +12 moved · 2 with no prior record of ours
- Trust account
- $70.0M$26.0M
- Combination deadline
- 2024-04-182025-10-18
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $500K · unchanged
SpacBrain reads this as $43,951,004 left the trust between the two filings.
The clause “$48,152 of cash from operating activities. As of December 31, 2023, we had cash held in the trust account of $26,036,953. We intend to use substantially all of the funds held in the trust account, including any amounts representing”…
SpacBrain reads this as 548 days later than the previous record.
The clause “January 18, 2025, up to nine (9) times for an additional (1) month each time to October 18, 2025, and will no longer require monthly deposits into the Trust Account as of July 5, 2024. F-21 86-2712843 1399621 4814795 0.14 3.70 1799397”…
The clause …“accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a “going concern.” ● Our public stockholders may not be afforded an opportunity to vote on our proposed”…
The clause …“Placement Units. Additionally, on December 1, 2022, the Sponsor applied the outstanding balance on the Promissory Note of $500,000 towards the remaining stock subscription balance, which fully funded the Sponsor’s purchase of the”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: An SEC Form 8-K current report filing a Certificate of Amendment to the Second Amended and Restated Certificate of Incorporation and officially recording the vote results of a Special Meeting of stockholders held July 5, 2024. The Company's charter was amended to extend the business combination deadline from January 18, 2025, to October 18, 2025, authorized in up to nine one-month increments. As of July 5, 2024, the filing confirms that monthly deposits into the Trust Account are no longer required. A new Charter section was added to permit a tender offer mechanism specifically for holders of IPO Shares and IPO Rights. At the meeting, stockholders cast 2,150,000 votes FOR the proposals, 0 AGAINST, and 0 ABSTAIN, representing approximately 98% of the 2,184,288 shares entitled to vote. Why it matters: The removal of mandatory monthly trust deposits halts recurring trust-funded cash outflows, preserving remaining liquidity while the sponsor pursues a deal until the new October 18, 2025 termination date. The newly authorized tender offer right for IPO Shares and IPO Rights creates a separate price-discovery and exit path distinct from ordinary common stock redemptions. Per the registration data, the entity lists Standard Industrial Classification 6770 with an organization name referencing the '05 Real Estate & Construction' sector, indicating the sponsor's targeted industry pipeline. Chief Executive Officer Warren Wang executed the July 8, 2024 amendment on behalf of the registrant. With the observed public trust value at $11.08 per share, investors should monitor how the extended timeline and tender offer provision may affect redemption economics or sponsorship conduct ahead of the final deadline.
What changed: Definitive proxy statement (DEFR14A) for a Special Meeting of stockholders. The filing is a definitive proxy statement soliciting stockholder votes on three proposals: (1) an Extension Amendment to extend the deadline to complete a Business Combination from January 18, 2025 up to nine additional one-month increments to October 18, 2025, and to end monthly deposits into the trust account as of July 5, 2024; (2) a Charter Amendment to allow holders of IPO Shares and IPO Rights to sell their shares/rights to the Corporation via a tender offer; and (3) an Adjournment Proposal to adjourn if insufficient votes. Why it matters: The SPAC is seeking a significant extension (up to Oct 2025) and is ending monthly trust deposits. The trust account held only ~$1,190,000 as of June 20, 2024, and the per-share trust value is ~$11.60 at the meeting. The filed proxy provides detailed redemption mechanics, deadlines (redemption request deadline is 5:00 PM ET on July 3, 2024), and confirms the sponsor (Hudson SPAC Holding LLC) owns 95% of shares and will vote for all proposals. A new Charter Amendment allowing a tender offer for rights is also proposed.
What changed: Definitive proxy statement (DEFR14A) for a special meeting of stockholders to vote on an extension amendment, a charter amendment, and an adjournment proposal. The company proposes to extend the deadline to complete a business combination from January 18, 2025 to October 18, 2025 (up to nine monthly extensions), and to amend the charter to allow a tender offer for IPO shares and rights. The meeting is scheduled for July 5, 2024. Why it matters: The extension is critical to avoid liquidation; if not approved, the company will dissolve and redeem public shares. The trust account holds approximately $1,190,000 ($11.60 per public share). The sponsor owns 95% of shares and supports the proposals. Public stockholders have redemption rights in connection with the extension.
What changed: Definitive proxy statement (DEF 14A) for a special meeting of stockholders to vote on an extension of the deadline to complete a business combination and a charter amendment to permit a tender offer. The company proposes to extend the business combination deadline from January 18, 2025 to October 18, 2025 (via up to nine one-month extensions) and to eliminate monthly deposits into the trust account as of July 5, 2024. A separate charter amendment would allow the company to conduct a tender offer for IPO shares and rights. The filing also outlines redemption rights for public stockholders in connection with the extension. Why it matters: Without the extension, the SPAC would face liquidation by January 18, 2025. The extension gives the company additional time to find and close a target. The charter amendment introduces a new mechanism for stockholder liquidity via tender offer. The trust account holds approximately $1.19 million (about $11.60 per public share), and the redemption deadline is July 3, 2024. The sponsor, which owns 95% of shares, intends to vote in favor, so approval is likely. This filing is critical for investors tracking redemption deadlines, trust value, and deal progress.
combination deadlinenothing moved · 1 with no prior record of ours
- Combination deadline
- 2025-01-18 · unchanged
The clause “Amendment Proposal is not approved and (i) the Company does not consummate our Business Combination by January 18, 2025, (ii) pursuant to the terms of the Charter, the Sponsor does not extend the deadline for the Company to consummate a”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: A Preliminary Proxy Statement (PRE 14A) filed by Hudson Acquisition I Corp. to solicit stockholder votes at a Special Meeting on June 25, 2024. The filing proposes three items for approval: an Extension Amendment Proposal to extend the Business Combination Termination Date from January 18, 2025 to October 18, 2025 in nine one-month increments (with monthly Trust Account deposits ceasing June 18, 2024); a Charter Amendment Proposal to permit tender offers for IPO Shares and Rights; and an Adjournment Proposal. According to the Company, based on approximately $1,160,000 in the Trust Account as of June 6, 2024, it anticipates a per-share redemption price of approximately $11.28 at the Special Meeting. The Company notes the Nasdaq closing price on June 6, 2024 was $10.89. If the extension passes and no shares are redeemed, the Company anticipates the redemption amount will be approximately $11.50 per share. The Sponsor, Hudson SPAC Holding, LLC, which beneficially owns approximately 95% of outstanding Common Stock, has waived its redemption rights for public shares it holds and intends to vote in favor of all proposals. The Company states it pays the Sponsor $20,000 per month for administrative support commencing October 14, 2022, which would extend under the proposed timeline. Furthermore, the Sponsor has agreed to pay or advance funds for any Inflation Reduction Act excise taxes without seeking recourse from the Trust Account. Why it matters: This document fixes the redemption deadline (5:00 p.m. ET on June 21, 2024), recalibrates the trust value trajectory, and alters the termination calendar. The disclosed discrepancy between the anticipated redemption price ($11.28–$11.50) and the trading price ($10.89) indicates significant redemption risk, which the Company warns could deplete trust funds enough to threaten Nasdaq listing standards or deal consummation. The sponsor’s waiver of redemption rights on held public shares and its promise to cover potential federal excise taxes independently protect trust assets from being drained by sponsor or tax liabilities, but the cessation of mandatory monthly deposits after June 18, 2024 changes the trust’s interest accrual profile.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.