Hudson Acquisition I Corp. Announces Receipt of Notice from Nasdaq Regarding Late Filing of Annual Report on Form 10-K and Quarterly Report on Form 10-Q

NEW YORK, NY, June 17, 2024 (GLOBE NEWSWIRE) — 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 Nasdaq Stock Market LLC (“Nasdaq”) stating that due to the delay in the timely filing of the Company’s annual report on Form 10-K for the period ended December 31, 2023 (the “Notice”) “10-K”) and the quarterly report of the Company on Form 10-Q for the period ended March 31, 2024 (the “10-Q”), the Company is not in 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”).

Pursuant to Nasdaq listing rules, the Company has 60 calendar days after the date of the notice to submit a plan to restore compliance with respect to delinquent deposits. If the plan is accepted by Nasdaq, the Company will be granted an exception of up to 180 calendar days from the due date of the delinquent initial deposit, or until October 14, 2024, to restore compliance .

The current notice will have no immediate effect on the listing or trading of the Company’s common stock on Nasdaq. Although the Company cannot provide any guarantees as to the timing, the Company’s management is working diligently and plans to file the forms to restore compliance with the Listing Rule.

About Hudson Acquisition I Corp.
Hudson Acquisition I Corp. is a Delaware corporation organized as a blank check company for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or business consolidation. similar businesses with one or more businesses or entities. The Company’s efforts to identify a potential target business will not be limited to any particular industry or geographic region, except that the Company will not complete an initial business combination with an entity based in or having a majority of its operations in China (including Hong Kong). and Macau). The Company expressly excludes as an initial business combination with a target company whose 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 from of 2021.

Forward-looking statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. These forward-looking statements, including the pursuit of 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 Company’s control, 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 obligation or undertaking to publicly release any updates or revisions to the 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, unless required by law.

The story continues

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) 866-7989
Email: [email protected]