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HUDA to merge with Aiways Europe in a business combination deal

PRIVATEMay 14, 2024

Acquiring Company

Hudson Acquisition I

Acquired Company

Aiways Automobile Europe GmbH

New YorkManufacturingAutomotiveElectric Vehicle

Description

Hudson Acquisition I Corp. (HUDA) has signed a letter agreement with Aiways Automobile Europe GmbH for a business combination (the 'de-SPAC') valued at approximately US$400 million. The de-SPAC is expected to close on or around December 31, 2024. This significant milestone will establish a robust and enduring presence in Europe and provide Aiways Europe with efficient access to growth capital, close alignment with European design concepts, and a strong management team of industry leaders.

Quick answer

Hudson Acquisition I is acquiring Aiways Automobile Europe GmbH, announced May 14, 2024. Hudson Acquisition I is based in New York, New York, United States.

How much did Hudson Acquisition I pay for Aiways Automobile Europe GmbH?
The deal value was not disclosed.
What does Hudson Acquisition I do?
Hudson Acquisition I Corp. is a Delaware corporation incorporated as a blank check company for the purpose of entering a merger, share exchange, asset acquisition, share purchase, reorganization or similar business..
Where are Hudson Acquisition I and Aiways Automobile Europe GmbH based?
Hudson Acquisition I is based in New York, New York, United States.

Source: Fundz verified event record.

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Company Information

Company

Hudson Acquisition I

Location

New York, New York, United States

About

Hudson Acquisition I Corp. is a Delaware corporation incorporated as a blank check company for the purpose of entering a merger, share exchange, asset acquisition, share purchase, 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.

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Frequently asked

Who acquired Aiways Automobile Europe GmbH?

Aiways Automobile Europe GmbH was acquired by Hudson Acquisition I, based in New York. The deal was reported on May 14, 2024. Hudson Acquisition I Corp. Hudson Acquisition I is privately held.

When did Hudson Acquisition I acquire Aiways Automobile Europe GmbH?

Hudson Acquisition I's acquisition of Aiways Automobile Europe GmbH was reported on May 14, 2024. Hudson Acquisition I Corp. (HUDA) has signed a letter agreement with Aiways Automobile Europe GmbH for a business combination (the 'de-SPAC') valued at approximately US$400 million. The de-SPAC is expected to close on or around December 31, 2024. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Aiways Automobile Europe GmbH do?

Aiways Europe is an innovative and asset-light automotive company that offers electric vehicles specifically customized for the demand of the European markets. It is privately held, operating in Manufacturing.

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