Star Equity Holdings and Hudson Global Announce Definitive Merger Agreement to Form "NewCo

Reuters
05/22
Star Equity Holdings and <a href="https://laohu8.com/S/HSON">Hudson Global</a> Announce Definitive Merger Agreement to Form "NewCo

Star Equity Holdings, Inc. and Hudson Global, Inc. have announced the signing of a definitive merger agreement. In this transaction, Star will merge into a wholly owned subsidiary of Hudson to form a new company, referred to as "NewCo." This merger is designed to create a larger multi-sector holding company with an annualized revenue of $210 million and aims to diversify revenue streams and leverage corporate overhead. The management team for NewCo will include Jeff Eberwein as CEO and Rick Coleman as COO. The merger is still subject to regulatory approvals and affirmative votes from the shareholders of both companies. Hudson currently holds $240 million in net operating losses in the U.S., considered a valuable asset for its stockholders. Both companies will host a joint conference call on May 22 to discuss the merger further.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Star Equity Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-124295), on May 22, 2025, and is solely responsible for the information contained therein.

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