Brief: Hudson Capital Enters Into Agreement with FreightHub

Freight Technologies

15/10/2020 12:40

Oct 15 (Reuters) - Hudson Capital Inc  CH1G.F :
    * HUDSON CAPITAL INC SAYS EXISTING FR8HUB SHAREHOLDERS
INTEND TO
INVEST $12 MILLION IN CONNECTION WITH CLOSING OF TRANSACTION
    * HUDSON CAPITAL INC SAYS FR8HUB MANAGEMENT IS PROVIDING
FULL YEAR
2020 REVENUE GUIDANCE TO BE IN EXCESS OF $9 MILLION
    * HUDSON CAPITAL INC. ENTERS INTO DEFINITIVE MERGER
AGREEMENT WITH
FREIGHTHUB, INC
    * HUDSON CAPITAL INC SAYS IMMEDIATELY FOLLOWING CLOSING OF
MERGER,
FR8HUB SHAREHOLDERS WILL HOLD ABOUT 85.7% OF COMBINED COMPANY
    * HUDSON CAPITAL INC SAYS IMMEDIATELY FOLLOWING CLOSING OF
MERGER,
HUDSON CAPITAL WILL RETAIN OWNERSHIP OF ABOUT 14.3% OF COMBINED
COMPANY
    * HUDSON CAPITAL INC SAYS UPON COMPLETION OF MERGER,
EXISTING
FR8HUB BOARD WILL LEAD MERGED COMPANY

Source text for Eikon:  ID:nGNX4y2H8j 
Further company coverage:  CH1G.F 

 ((Reuters.Briefs@thomsonreuters.com;))