Hudson Acquisition I Corp. Approves Business Combination; $246K Left in Trust

What Happened Hudson Acquisition I Corp. (HUDA) filed an 8-K reporting that its stockholders approved the proposed Business Combination Agreement (dated Nov. 22, 2024) with EUROEV Holdings Limited (Pubco) and related parties. The record date for the special meeting was August 21, 2026; of 2,111,028 shares outstanding, approximately 98.17% were represented in person or by proxy. All seven proposals on the ballot were approved, including approval of the Business Combination Agreement, adoption of Pubco’s amended and restated memorandum and articles of association, advisory approval of certain governance provisions, election of five Pubco directors, and adoption of the 2026 Pubco Equity Incentive Plan.

Key Details

• Shares outstanding (record date): 2,111,028; ~98.17% (2,072,493 votes) were represented at the meeting.
• Vote results: Proposals 1–4, 6–7 each received 2,072,493 FOR, 0 AGAINST, 0 ABSTAIN. Proposal 5 (2026 Pubco Equity Incentive Plan) received 2,072,491 FOR, 1 AGAINST, 1 ABSTAIN.
• Redemptions: Holders of 6,140 HUDA shares redeemed for cash at ~$11.03/share (aggregate ≈ $67,725).
• Trust account: Approximately $246,300 remained in the trust account as of this filing.

Why It Matters The shareholder approvals clear key corporate and governance steps required to proceed with the proposed business combination and the post-closing corporate structure for Pubco (EUROEV/Aiways). The narrow number of redemptions and the remaining trust balance are concrete, short-term cash indicators for public shareholders — they show limited cash remaining in the SPAC trust after redemptions. Investors should note these approved governance changes, the equity incentive plan, and director slate as items that will shape ownership and management once the transaction closes.