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GlobeNewsWire
11 months ago
Hudson Acquisition I Corp. Announces Signing of Definitive Business Combination Agreement With Aiways Europe, an Electrical Vehicle Company Focused on the Development, Sales and Consumer Solutions Supporting Bevs in the European Market
New York, NY and Munich, Germany, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Hudson Acquisition I Corp. (the “Company” or “HUDA”) (Nasdaq: HUDA), and Aiways Automobile Europe GmbH (“Aiways Europe”) announced today that they have entered into a definitive Business Combination Agreement (the “Business Combination Agreement”), pursuant to which, upon the consummation of the transactions contemplated thereby (the “Business Combination”), EUROEV Holdings Limited, a newly formed British Virgin Islands holding company (“EuroEV”), will acquire the outstanding shares of each of HUDA and Aiways Europe in exchange for newly issued shares of EuroEV, and become listed on the Nasdaq Stock Market. The transaction represents a pre-combination equity valuation of $410 million for Aiways Europe, subject to adjustment.