Hudson Acquisition I priced its initial public offering of 6 million units at $10 per unit.
The units list on the Nasdaq and began trading today. Each consists of one share of common stock and one right to receive one-fifth of a share upon the consummation of an initial business combination. Once the securities begin separate trading, the common stock and rights will be listed under the symbols “HUDA” and “HUDAR,” respectively.
The SPAC plans to target US technology companies, while specifically avoiding any companies in China, Hong Kong or Macau.
Chardan Capital Markets is sole book-running manager in the offering. The underwriters have been granted a 45-day option to purchase up to an additional 900,000 units to cover over-allotments, if any.
The offering is expected to close Oct. 18. Read more.
