Hudson Acquisition I Corp. Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q
16 December 2022 - 8:30AM
Hudson Acquisition I Corp. (the "Company" or "HUDA")
(Nasdaq: HUDA), today announced that on December 9, 2022,
the Company received a notice (the “Notice”) from the Nasdaq Stock
Market LLC (“Nasdaq”) indicating that as a result of the
delinquency in the timely filing of the Company’s quarterly report
on Form 10-Q for the period ended September 30, 2022 (the “10-Q”),
the Company is out of 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").
As a result of the delinquency, the Company must submit its
original plan to regain compliance with the Listing Rule within
sixty (60) calendar days from the Notice, and if Nasdaq accepts the
plan, Nasdaq may grant an extension of one hundred eighty (180)
calendar days from the 10-Q due date, or until May 29, 2023, to
regain compliance.
The current notice will have no immediate effect on the listing
or trading of the Company's common stock on the Nasdaq. While the
Company can provide no assurances as to timing, the Company’s
management is working diligently to complete the Form 10-Q and
plans to file the Form 10-Q as soon as practicably possible to
regain compliance with the Listing Rule.
About Hudson Acquisition I Corp.
Hudson Acquisition I Corp. is a Delaware corporation
incorporated as a blank check company for the purpose of entering
into a merger, share exchange, asset acquisition, share purchase,
recapitalization, 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 except that the Company
will not consummate an initial business combination with any entity
being based in or having the majority of its operations
in China (including Hong Kong and Macau).
The Company affirmatively excludes as an initial business
combination with a target company of which 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 beginning in 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. Such forward-looking
statements, including the search for 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 control of the
Company, 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
obligations or undertaking to release publicly any updates or
revisions to any 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, except as may be required by law.
Company Contact:Hudson Acquisition I Corp.Jiang
Hui Telephone: +1(347) 205-3126
Investor and Media Contact:International Elite
Capital Inc. Annabelle Zhang Telephone: +1(646) 866-7989
Email: annabelle@iecapitalusa.com
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