Hudson Acquisition, Aiways Automobile Europe to Merge, Set Up Nasdaq-Listed EuroEV-March 2024-www.financetom.com

Hudson Acquisition, Aiways Automobile Europe to Merge, Set Up Nasdaq-Listed EuroEV

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Hudson Acquisition, Aiways Automobile Europe to Merge, Set Up Nasdaq-Listed EuroEV

Nov 22, 2024 8:46 AM

11:16 AM EST, 11/22/2024 (MT Newswires) -- Hudson Acquisition (HUDA) and Aiways Automobile Europe agreed to merge and set up a new Nasdaq-listed company called EuroEV Holdings.

The deal values Munich-based Aiways Automobile Europe at $410 million, the companies said Friday in a statement.

The boards of both companies approved the combination with the merger subject to approval of shareholders of the companies and regulators.

Aiways Automobile Europe Chief Executive Officer Alexander Klose-Mozer is expected to lead EuroEV, according to the statement.

Price: 12.55, Change: -0.23, Percent Change: -1.80

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