Hudson Acquisition I Corp. reported its financial results for the third quarter of 2025, revealing a net loss of $250,399 for the three months ended September 30, 2025, compared to a net loss of $488,195 for the same period in 2024. For the nine months ended September 30, 2025, the company recorded a net loss of $610,871, slightly higher than the $596,826 loss reported in the prior year. The company’s operating expenses for the nine-month period included $499,724 in general and administrative costs and $153,850 in franchise tax expenses, reflecting a decrease in overall operating expenses compared to $776,033 and $42,600, respectively, in the previous year.
Significant changes in the company’s financial position were noted, with total assets increasing to $1,473,838 as of September 30, 2025, up from $1,257,679 at the end of 2024. This increase was primarily driven by a rise in cash and cash equivalents, which grew to $345,031 from $68,758. However, total liabilities also increased to $7,764,138, up from $7,281,614, largely due to higher accounts payable and accrued liabilities, which rose to $769,274 from $507,373. The company’s accumulated deficit expanded to $7,563,863, compared to $6,928,814 at the end of the previous fiscal year.
In terms of strategic developments, Hudson Acquisition I Corp. is in the process of completing a business combination with Aiways Automobile Europe GmbH, a company focused on developing electric vehicles. This agreement was executed on November 22, 2024, and is part of the company’s strategy to identify and merge with a target business. The company has also extended the deadline for completing its Initial Business Combination multiple times, with the latest extension allowing until July 18, 2026, to finalize the merger.
Operationally, the company has not yet commenced core operations and continues to focus on identifying potential acquisition targets. As of September 30, 2025, the company had cash held in a trust account of $1,078,515, which is intended to be used for the business combination. The company has also faced challenges related to compliance with Nasdaq listing requirements, resulting in its securities being delisted from the Nasdaq Global Market in July 2025. The company is currently evaluating its options for regaining compliance and continuing its operations.
Looking ahead, Hudson Acquisition I Corp. aims to complete its business combination with Aiways and is actively seeking to secure additional financing if necessary. The company has indicated that it may need to raise further capital to meet its operational needs and complete the merger. Management has expressed confidence in their ability to finalize the business combination before the extended deadline, although uncertainties remain regarding market conditions and the overall economic environment.
About Hudson Acquisition I Corp.
Hudson Acquisition I Corp. is a blank check company focused on identifying and completing a merger or acquisition with a U.S.-based technology business. It leverages management’s industry experience, broad network, and deal sourcing capabilities to target established, scalable companies with strong market presence and growth potential. The company aims to provide a streamlined, cost-effective path for private businesses to go public through a business combination.
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