Hudson Global, Star Equity Holdings sign all-stock merger agreement

Star Equity Holdings (STRR) and Hudson Globa (HSON) “announced the signing of a definitive merger agreement . Pursuant to the Merger, Star will merge with and into a wholly owned subsidiary of Hudson to form “NewCo”. The Merger will be a stock-for-stock transaction. Star will merge with and into a wholly owned subsidiary of Hudson, and Hudson will be the surviving public entity. Hudson will acquire all the outstanding common and preferred shares of Star, issuing 0.23 shares of HSON common stock for each share of STRR common stock, approximately in line with the 20-day VWAP trading ratio between the two stocks. Hudson will issue preferred stock with identical terms to Star’s preferred stock to be exchanged on a one-for-one basis. Upon completion of the Merger, Hudson shareholders will own approximately 79% of NewCo, and Star shareholders will own approximately 21% of NewCo’s estimated 3.49 million shares outstanding. Pending regulatory and shareholder approvals, the Merger is anticipated to close in the second half of 2025.”