Hudson Global and Star Equity Holdings have successfully completed their merger, forming a larger, diversified holding company.
The merger creates a company well positioned to leverage its increased size, diversified revenue streams, and improved profitability.
Both companies received stockholder approval for the merger at their respective meetings on August 21, 2025.
Merger Completion
The merger between Hudson Global and Star Equity Holdings has been successfully completed, forming a larger, diversified holding company.
Stock Symbol Changes
Hudson Global's common stock will continue to trade under the symbol HSON, while the Series A Preferred Stock will trade under the ticker symbol HSONP.
CEO Statement
Jeff Eberwein, CEO of Hudson Global, expressed excitement about the new opportunities the merger creates and aims to deliver compelling returns to stockholders.
Revenue Projections
The combined company anticipates pro-forma annualized revenues of $210 million, leading to greater revenue diversity and potential inclusion in the Russell 2000 index.
Corporate Structure Update
Hudson Global now operates under four reporting segments: Building Solutions, Business Services, Energy Services, and Investments, with no material impact on clients, employees, or brand names of operating businesses.
- The merger increases the company's stock trading liquidity and market capitalization, positioning it for future growth and potential index inclusions.
- The merger enables the utilization of Hudson Global's significant U.S. federal net operating losses (NOL) amounting to $240 million, enhancing its financial flexibility.
The completion of the merger between Hudson Global and Star Equity Holdings marks a significant milestone, setting the stage for enhanced growth and financial opportunities for the combined company.