Hudson Capital Inc

NASDAQ:HUSN   3:59:56 PM EDT
2.13
-0.24 (-10.13%)
Other Pre-Announcement, Mergers / Acquisitions

Hudson Capital Enters Into Agreement with FreightHub

Published: 10/15/2020 11:46 GMT
(HUSN) - Hudson Capital Inc Says Existing Fr8hub Shareholders Intend to Invest $12 Million in Connection With Closing of Transaction.
Hudson Capital Inc Says Fr8hub Management is Providing Full Year 2020 Revenue Guidance to Be in Excess of $9 Million.
Hudson Capital Inc. Enters Into Definitive Merger Agreement With Freighthub, Inc.hudson Capital Inc Says Immediately Following Closing of Merger, Fr8hub Shareholders Will Hold About 85.7% of Combined Company.
Hudson Capital Inc Says Immediately Following Closing of Merger, Hudson Capital Will Retain Ownership of About 14.3% of Combined Company.
Hudson Capital Inc Says Upon Completion of Merger, Existing Fr8hub Board Will Lead Merged Company.