Hudson Acquisition I Corp. Announces Receipt of Notice from Nasdaq Regarding Late Filings of Annual Report on Form 10-K and Quarterly Report on Form 10-Q
June 17 2024 - 4:45PM
Hudson Acquisition I Corp. (the "Company" or "HUDA") (Nasdaq:
HUDA), today announced that on May 30, 2024, the Company received a
notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”)
indicating that, as a result of the delinquency in the timely
filing of the Company’s annual report on Form 10-K for the period
ended December 31, 2023(the “10-K”), and the Company’s quarterly
report on Form 10-Q for the period ended March 31, 2024 (the
“10-Q”), the Company is out of compliance with Nasdaq Listing Rule
5250(c)(1) (the “Listing Rule”), which requires listed companies to
timely file all required periodic reports with the Securities and
Exchange Commission (the "SEC").
In accordance with Nasdaq’s listing rules, the Company has 60
calendar days after the date of the Notice to submit a plan to
regain compliance with respect to the Delinquent Filings. If the
plan is accepted by Nasdaq, the Company will have an exception of
up to 180 calendar days from the Initial Delinquent Filing’s due
date, or until October 14, 2024, to regain compliance.
The current notice will have no immediate effect on the listing
or trading of the Company's common stock on the Nasdaq. While the
Company can provide no assurances as to timing, the Company’s
management is working diligently and plans to file the forms to
regain compliance with the Listing Rule.
About Hudson Acquisition I Corp.Hudson Acquisition I
Corp. is a Delaware corporation incorporated as a blank
check company for the purpose of entering into a merger, share
exchange, asset acquisition, share purchase, recapitalization,
reorganization or similar business combination with one or more
businesses or entities. The Company's efforts to identify a
prospective target business will not be limited to a particular
industry or geographic region except that the Company will not
consummate an initial business combination with any entity being
based in or having the majority of its operations
in China (including Hong Kong and Macau).
The Company affirmatively excludes as an initial business
combination with a target company of which financial statements are
audited by an accounting firm that the United States Public Company
Accounting Oversight Board is unable to inspect for two consecutive
years beginning in 2021.
Forward-Looking StatementsThis press release includes
forward-looking statements that involve risks and uncertainties.
Forward-looking statements are statements that are not historical
facts. Such forward-looking statements, including the search for an
initial business combination, are subject to risks and
uncertainties, which could cause actual results to differ from the
forward-looking statements. No assurance can be given that the net
proceeds of the offering will be used as indicated. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Company's registration statement for
the offering filed with the SEC. Copies are available on the SEC's
website, www.sec.gov. The Company expressly disclaims any
obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company's expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based, except as may be required by law.
Company Contact:Hudson Acquisition I Corp.Pengfei Xie
Telephone: +1(917) 345-0953
Investor and Media Contact: International Elite
Capital Inc. Annabelle Zhang Telephone: +1(646) 866-7989Email:
annabelle@iecapitalusa.com
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