Reported Earlier, Hudson Acquisition I And Aiways Europe Enter Agreement For Business Combination Valued At $400M
Portfolio Pulse from Benzinga Newsdesk
Hudson Acquisition I (HUDA) and Aiways Europe have entered into a business combination agreement valued at $400 million. The de-SPAC is expected to close around December 31, 2024, with HUDA's shareholders becoming minority and non-controlling shareholders in the combined entity. This deal aims to strengthen Aiways Europe's presence in Europe by providing growth capital and aligning with European design concepts.
May 15, 2024 | 7:03 am
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Hudson Acquisition I (HUDA) has entered into a $400 million business combination agreement with Aiways Europe. The de-SPAC is expected to close by December 31, 2024, with HUDA's shareholders becoming minority and non-controlling shareholders in the combined entity.
The business combination provides HUDA with a significant opportunity to integrate with Aiways Europe, potentially leading to growth and increased market presence. However, HUDA shareholders will become minority shareholders, which may affect their control over the new entity.
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