Hudson Acquisition I Corp.
Hudson Acquisition I Corp. (Nasdaq: HUDA) held a special meeting on September 14, 2026, where shareholders voted on the proposed business combination with Aiways Automobile Europe GmbH, a German EV company. All seven proposals passed with near-unanimous support — 2,072,493 votes for and zero against on the main business combination proposal. Only 6,140 shares were redeemed at approximately $11.03 per share, leaving roughly $246,300 in the trust account.
- All seven proposals passed with near-unanimous support: 2,072,493 votes for, 0 against on the business combination.
- Only 6,140 shares redeemed at ~$11.03 each, leaving ~$246,300 in the trust account.
- The deal combines HUDA with Aiways Automobile Europe GmbH, a German EV company, via Pubco EUROEV Holdings Limited.
- A 2026 Equity Incentive Plan reserving 5M Pubco shares plus annual increases of up to 750K shares was approved.
- 3M Pubco shares tied to founder shares, private units, and sponsor loans will be released from transfer restrictions at closing.
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Near-zero redemptions on a SPAC deal is rare and signals strong shareholder alignment, but the depleted $246K trust account raises going-concern questions for the combined entity.
SPAC business combinations continue to face scrutiny, but near-zero redemptions signal strong shareholder conviction in this particular de-SPAC — a contrast to the high-redemption trend plaguing many SPACs in 2024-2026.
Extremely low trust account balance (~$246,300) post-redemption leaves minimal cash cushion for the combined entity. The near-zero redemption rate (0.29% of shares) suggests shareholders are betting on the deal closing, but the SPAC's thin remaining trust limits downside protection.
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