NEW YORK, March 11, 2021 (GLOBE NEWSWIRE) -- Hudson Capital Inc. (NASDAQ: HUSN) (Hudson Capital) and FreightHub, Inc. (Fr8Hub), a North American transportation logistics technology platform company focused on US-Mexico cross-border shipping with which Hudson Capital has signed a definitive Merger Agreement, announced Fr8Hub Load Board 2.0 is now live, and is available for … These growth initiatives help substantiate the basis for our revenue earnout targets.”. With this press release, Fr8Hub management is providing full year 2020 revenue guidance to be in excess of $9 million. Up to a maximum of 10.0%, in aggregate. The company also offers a cloud-based TMS solution to assist with maximizing the efficiency of transportation operations. Finally, the current assets and liabilities of Hudson will be spun-off to existing shareholders of Hudson immediately prior to the closing of the transaction. These forward-looking statements include, without limitation, Hudson Capital’s and Fr8Hub’s expectations with respect to future performance and anticipated financial impacts of the proposed acquisition, the satisfaction of the closing conditions to the proposed acquisition, and the timing of the completion of the proposed acquisition. FreightHub, Inc. (Fr8Hub) makes shipping simple, transparent, and efficient. Hudson Capital Inc. (NASDAQ:HUSN) trade information. To access the replay, please dial 1-844-512-2921. International callers should dial 1-412-317-6671. How have the shares performed? Volume today is above average. In addition, a telephonic replay will be available at 11:30 a.m. Eastern Time on Thursday, October 15, 2020, through 11:59 p.m. Eastern Time on Thursday, October 22, 2020. Chardan is acting as exclusive advisor to Fr8Hub on the proposed transaction and Loeb & Loeb LLP is acting as legal counsel. The transaction is expected to close early in the first quarter of 2021. Additional information regarding the interests of such participants will be contained in the prospectus/proxy statement for the proposed merger when available. SANTA CLARA, Calif., March 11, 2021 /PRNewswire/ -- eHealth, Inc. (NASDAQ: EHTH) ("eHealth" or the "Company") today announced that it has reached an agreement with Hudson Executive Capital … Altogether, Fr8Hub’s mission is to make shipping simple, transparent, and efficient. The pass code will be 13711973. WhatsApp. About Hudson Capital Inc. Hudson Capital and its directors and executive officers may be deemed participants in the solicitation of proxies from Hudson Capital’s shareholders with respect to the merger. Not having a predetermined fund life gives us the flexibility to make long-term decisions for the well-being of the company. Hudson Capital and Fr8Hub caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Para permitir a Verizon Media y a nuestros socios procesar tus datos personales, selecciona 'Acepto', o selecciona 'Gestionar ajustes' para obtener más información y para gestionar tus opciones. Being a publicly traded company will enable us to build a market leading position serving the $40 billion trucking industry in Mexico. Yahoo forma parte de Verizon Media. The pass code will be 13711973. As of September 30, 2020, Fr8Hub has 68 employees, 52 in Mexico and16 in the United States. Get the hottest stocks to … Hudson Capital Inc. (HUSN) stock has gained 27.22% while the S&P 500 has fallen -0.03% as of 9:56 AM on Tuesday, Dec 22. Additionally, we plan to leverage our technology to expand our shipper TMS to include a carrier fleet management system and last mile solution. Información sobre tu dispositivo y conexión a Internet, incluida tu dirección IP, Actividad de navegación y búsqueda al utilizar sitios web y aplicaciones de Verizon Media. Founded in 2015, Fr8Hub delivered gross revenue of $4.2 million in 2019 and estimates 2020 to grow more than 100% organically. Fr8Hub plans to build upon its market-leading transportation logistics platform, leveraging its innovative, proprietary technology and significant industry expertise.”, Flinker said, “We believe we are the first mover in Mexico to combine a top-tier transportation logistics platform with an intimate knowledge of over the road cross-border shipping, especially in relation to the US-Mexico border. Incorporated in 2014, Hudson Capital Inc. (formerly known as China Internet Nationwide Financial Services Inc. (NASDAQ: HUSN)) commenced its business by providing financial advisory services to small and medium size companies. Since that time, they have seen extraordinary month-over-month revenue growth.”. About Hudson Capital Inc. In addition, Hudson Capital Inc. saw -61.06% in overturn over a single year, with a tendency to cut further losses. US headquarters are in Chicago and Mexican headquarters are in Monterrey. The traditional business segments include commercial payment advisory, intermediary bank loan advisory and international corporate financing advisory services which help clients to meet their commercial payment and investment needs. If all requisite approvals are obtained, the transaction , will result in the redomestication of Hudson Capital from the British Virgin Islands to Delaware and the acquisition of Fr8Hub as a wholly-owned subsidiary of Hudson Capital. Hudson Capital Inc. has reported that FreightHub, Inc. has reached a formal acquisition agreement, aims to follow the goal of leading transport logistics technologies and delivers substantial revenue growth. Pinterest. Plus, the 36-month beta value for … About Hudson Capital Inc Hudson Capital Inc. provides financial services. The stock has traded between $3.51 and $3.98 so far today. Noah Smith - February 9, 2021. Existing Fr8Hub shareholders intend to invest $12 million in connection with the closing of the transaction. Alternatively, you may dial the following number up to ten minutes prior to the scheduled conference call time: 1-877-423-9813. International callers should dial 1-201-689-8573. Unlike traditional private equity firms, we have an owner mindset and a longer time horizon to allow for the maximization of value with each of our operating companies. With 1,700+ carriers (80,000+ trucks) onboarded and 130+ shipper clients through September 2020, Fr8Hub has facilitated/completed 7,800+ shipping loads. © 2021 GlobeNewswire, Inc. All Rights Reserved. Find useful information, the address and the phone number of the local business you are looking for. Hudson Capital’s and Fr8Hub’s actual results may differ from their expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. In connection with the proposed merger, Hudson Capital intends to file relevant materials with the Securities and Exchange Commission (the “SEC”), including a Registration Statement on Form S-4 (the “Form S-4”), which includes and serves as a proxy statement/prospectus for Hudson Capital’s shareholders and a prospectus for Fr8Hub’s stockholders. View HUSN financial statements in full. Hudson Capital Inc. (NASDAQ:HUSN) went down by -8.27% from its latest closing price compared to the recent 1-year high of $9.80. After three years of innovative software development, the company began selling Fr8Hub 2.0 in earnest in June. Timeline. The Boards of Directors of each of Hudson Capital and Fr8Hub have unanimously approved the transaction. Block Wall Advisors is acting as exclusive advisor to Hudson Capital and Sichenzia Ross Ference LLP is acting as legal counsel to Hudson Capital. Fr8Hub’s online freight marketplace and mobile application give carriers full visibility on all of the company’s freight capabilities and gives them the ability to book shipments instantly through Fr8Hub’s app or web-based portal. The definitive proxy statement/prospectus and other relevant materials in connection with the merger (when they become available), and any other documents filed by Hudson Capital with the SEC, may be obtained free of charge at the SEC’s website (www.sec.gov). Hudson Capital Inc. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. The company’s stock price has collected 5.66% of gains in the last five trading sessions. Hudson Capital Inc. (NASDAQ:HUSN) went up by 28.29% from its latest closing price compared to the recent 1-year high of $9.80. Important Information About the Proposed Merger Transaction and Where to Find It. Incorporated in 2014, Hudson Capital Inc. (formerly known as China Internet Nationwide Financial Services Inc. (NASDAQ: HUSN)) commenced its … The company was formerly known as China Internet Nationwide Financial Services Inc. and changed its name to Hudson Capital Inc. in April 2020. The jump to weekly highs of $4.95- on Wednesday, Feb 10 added 10.51% to the stock’s daily price. If you are unable to participate in the live call, the webcast will be archived for replay on Fr8Hub’s website for one year. Check the disclaimer on the landing pages. As an established digital freight marketplace, broker, transportation management system (TMS) and public API, Fr8Hub uses its proprietary technology platform to connect carriers and shippers and significantly improve matching and operation efficiency via innovative technologies such as live pricing and real-time tracking. About Hudson Capital Inc. Renaissance Technologies, LLC is the largest shareholder of the company, while 10 institutions own stock in it. Get the latest Hudson Capital Inc. HUSN detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. The transaction will require the approval of the shareholders of both Hudson Capital and Fr8Hub, and is subject to other customary closing conditions, including the receipt of approval from The Nasdaq Stock Market, LLC and the completion of the review of the Registration Statement on Form S-4 to be filed with the SEC in connection with the proposed merger. Companies need to stay competitive - Fr8Hub’s advanced technology aims to improve customer distribution centers, warehouses, shipping, and transport management. With action 1.84%, the performance over the past five days has been green. About Hudson Capital Inc.Incorporated in 2014, Hudson Capital Inc. (formerly known as China Internet Nationwide Financial Services Inc. (NASDAQ: HUSN)) commenced its business by providing financial advisory services to small and medium size companies. For more information, about Hudson Capital, please see the documents filed by Hudson Capital with the SEC at www.sec.gov. Our strong relationships across the industry, along with our nimble, flexible and entrepreneurial nature have resulted in the portfolio we have today and continue to build. A transportation logistics platform company, Fr8Hub focuses on truckload freight for US-Mexico cross-border, domestic Mexico and domestic US. Hon Man Yun, Chief Financial Officer of Hudson Capital, stated, “With its differentiated technology platform, first mover advantage and extensive management experience and expertise, Fr8Hub is well positioned to capitalize on the expanding truckload freight industry cross-border between the United States and Mexico. SANTA CLARA, Calif., March 11, 2021 /PRNewswire via COMTEX/ -- SANTA … A list of the names of such directors and executive officers and information regarding their interests in the proposed merger will be included in the prospectus/proxy statement for the proposed merger. (2)  For each period the revenue threshold is achieved, existing Fr8Hub shareholders will receive 3.33% of the combined company, on a fully diluted basis, on the last day of the applicable calendar year-end. Expands development team to support continued growthNEW YORK, Dec. 22, 2020 (GLOBE NEWSWIRE) -- Hudson Capital Inc. (NASDAQ: HUSN) (Hudson Capital) announced that FreightHub, Inc. (Fr8Hub), a … Twitter. The company’s proprietary platform enables shippers to autonomously manage their own fleet and post loads in the marketplace to minimize dead space and, at the same time, seamlessly integrate with third-party systems to streamline communication amongst partners. A list of the names of those directors and executive officers and a description of their interests in Hudson Capital will be included in the prospectus/proxy statement for the proposed merger and be available at www.sec.gov. As an established digital freight marketplace broker, we are well-positioned for growth domestically in both countries, beginning in Mexico, where the fragmented industry provides a great opportunity for consolidation. Hudson Capital Inc. insiders own 39.15% of total outstanding shares while institutional holders control 4.02%, with the float percentage being 6.6%. The transaction is expected to close in the first quarter of 2021. Hudson Capital Inc. Hudson Capital, Inc. engages in the provision of financial solutions to small to medium sized enterprises. The webcast for the call can be accessed from Fr8Hub’s website at www.fr8hub.com. HUDSON CAPITAL INC. (NASDAQ:HUSN) : Stock quote, stock chart, quotes, analysis, advice, financials and news for share HUDSON CAPITAL INC. | Nasdaq: HUSN | Nasdaq NEW YORK, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Hudson Capital Inc. (NASDAQ: HUSN) (Hudson Capital) has entered into a definitive merger agreement to acquire FreightHub, Inc. (Fr8Hub), a North American transportation logistics platform company focused on US-Mexico cross-border shipping. Yun added, “Fr8Hub’s President Mike Flinker has more than 30 years of logistics business experience with a focus on cross-border and domestic commercial freight. 5 Stocks to make up the PERFECT 2021 gold portfolio Gold bugs are shouting from the rooftops in excitement, but that doesn’t mean you rush out and just buy any gold stock…That’s why we laid out The … Incorporated in 2014, Hudson Capital Inc. (formerly known as China Internet Nationwide Financial Services Inc. (NASDAQ: HUSN)) commenced its business by providing financial advisory services to small and medium size companies. Hudson Capital and Fr8Hub management will host a conference call with management’s prepared remarks today at 8:30am ET/ 5:30am PT to discuss the proposed business combination. Additional information about the proposed transaction, including a copy of the merger agreement and investor presentation, will be provided in a Form 6-K to be filed by Hudson Capital with the Securities and Exchange Commission and will be available at www.sec.gov. We value your privacy. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Fr8Hub is simplifying domestic and international cross-border shipping through its cloud-based transportation logistics platform. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Facebook. Hudson Capital Inc. Fr8Hub helps its customers optimize their supply chain, eliminate empty miles on the road, and reduce their carbon footprint, thereby improving profitability and environmental sustainability. Puedes cambiar tus opciones en cualquier momento visitando Tus controles de privacidad. Stock Fundamentals for HUSN. The Merger Agreement includes a revenue earnout schedule, based upon Fr8Hub achieving annual revenue thresholds of $25 million, $50 million and $100 million in 2021, 2022, and 2023, respectively. A transformation in the logistics transportation industry is taking place and Fr8Hub offers smart solutions with its proprietary software creating sustainable alternatives. Incorporated in 2014, Hudson Capital Inc. (formerly known as China Internet Nationwide Financial Services Inc. (NASDAQ: HUSN)) commenced its … Immediately following the closing of the merger, the former Fr8Hub shareholders will hold approximately 85.7% of the combined company and the shareholders of Hudson Capital will retain ownership of approximately 14.3% of the combined company, on a fully diluted basis. * Filed Form S-4 with the SEC * Regained Nasdaq ComplianceNEW YORK, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Hudson Capital Inc. (NASDAQ: HUSN) (Hudson Capital) and FreightHub, Inc. (Fr8Hub), a … Patient Capital. View Hudson Capital Inc. HUSN investment & stock information. Consummation of the merger will require approval of the shareholders of both Hudson Capital and Fr8Hub and is subject to other customary closing conditions, including the receipt of listing approval of the post-closing company by The Nasdaq Stock Market, LLC and the completion of the review of the Registration Statement on Form S-4 to be filed with the SEC in connection with the proposed merger. Hudson Capital Inc Hudson Capital Inc. provides financial services. The company’s digital freight marketplace, transportation management systems (TMS), public application programming interface (API), and customer support tools have been designed to maximize efficiency from scheduling to delivery for shippers and carriers. In the event Fr8Hub meets these annual revenue thresholds, existing Fr8Hub stockholders shall receive (on a pro rata basis) 3.33% of the issued and outstanding shares of common stock, in the combined company, on a fully-diluted basis as of the last day of the applicable calendar year-end, up to a maximum of 10.0% in the aggregate over the three year period. Mexico is now the United States’ second largest trading partner, with cross-border trading between the two countries totaling approximately $429 billion, according to the United States Department of Transportation. Hudson Capital, Inc. engages in the provision of financial solutions to small to medium sized enterprises. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. Furthermore, these other companies seem to be getting the attention of patrons and the public! With Fr8Hub 2.0 software in place, Fr8Hub’s monthly revenue grew from $247,000 in May 2020 to over $1.0 million in September 2020. By. Get the latest Hudson Capital Inc. (HUSN) stock news and headlines to help you in your trading and investing decisions. Over the past year the S&P 500 has gained 14.57% while HUSN has fallen -27.31%. Get the latest stock price for Hudson Capital Inc. (HUSN:US), plus the latest news, recent trades, charting, insider activity, and analyst ratings. Locate and compare Elos-Capital-Inc in Lachine Montreal QC, Yellow Pages Local Listings. This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed merger. Current profitability levels for the company are sitting at:-1584.20 for the present operating margin +98.24 for the gross margin; The net margin for Hudson Capital Inc. stands at -1742.08. The following shows the 2020 guided revenue and the 2021, 2022, and 2023 revenue earnouts targets: (1)  In the event Fr8Hub achieves or exceeds target revenue thresholds, existing Fr8Hub shareholders will be issued additional shares of the combined entity, on a fully diluted pro forma basis. The merger agreement includes a revenue earnout schedule. Information about Hudson Capital’s directors and executive officers and their ownership of ordinary shares of Hudson Capital is set forth in Hudson Capital’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on June 15, 2020, These documents can be obtained free of charge from the sources indicated above. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. So far 1,470,966 shares have traded compared to average volume of 811,811 shares. We have a longer-term outlook than most investors. Hudson Capital Inc. (HUSN) Shows Downtrend But Still 168.12% Up From Recent Low. Shop Hudson's Bay for handbags, women's and men's clothing and shoes, and housewares. Most of these factors are outside Hudson Capital’s and Fr8Hub’s control and are difficult to predict. Additionally, Fr8Hub will make a cash payment of $1.75 million to Hudson at closing. Fr8Hub and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of Hudson Capital in connection with the proposed merger. Para obtener más información sobre cómo utilizamos tu información, consulta nuestra Política de privacidad y la Política de cookies. FreightHub is a leading digital freight marketplace, broker, and provider of transportation management systems focused on truckload freight, FreightHub expects 100% growth year over year with 2020 annual revenue to be in excess of $9 million, Annual revenue earnout targets: $25 million for 2021, $50 million for 2022 and $100 million for 2023, Existing FreightHub stockholders intend to finance $12 million in connection with the closing of the merger, Mike Flinker, FreightHub’s President, brings 30 years of cross-border transportation industry experience, Conference call to review business combination today at 5:30 am PT/8:30 am ET. Hudson Capital Inc. (HUSN) stock is trading at $3.56 as of 2:59 PM on Wednesday, Jan 27, a decline of -$0.25, or -6.53% from the previous closing price of $3.81. About Hudson Capital Inc. Ordinary Shares (HUSN) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. The MarketWatch News Department was not involved in the creation of this content. Incorporated in 2014, Hudson Capital Inc. (formerly known as China Internet Nationwide Financial Services Inc. (NASDAQ: HUSN)) commenced its business by providing financial advisory services to small and medium size companies. Hudson Capital and Fr8Hub do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions, or circumstances on which any such statement is based. Hudson Capital cautions that the foregoing list of factors is not exclusive. The company’s stock price has collected -12.73% of loss in the last five trading sessions. Incorporated in 2014, Hudson Capital Inc. (formerly known as China Internet Nationwide Financial Services Inc. (NASDAQ: HUSN)) commenced its business by providing financial advisory services to small and medium size companies. Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change, or other circumstances that could give rise to the termination of the definitive merger agreement (the “Agreement”); (2) the outcome of any legal proceedings that may be instituted against Hudson Capital or Fr8Hub following the announcement of the Agreement and the transactions contemplated therein; (3) the inability to complete the proposed acquisition, including due to failure to obtain approval of the shareholders of Hudson Capital and stockholders of Fr8Hub, certain regulatory approvals, or satisfy other conditions to closing in the Agreement; (4) the occurrence of any event, change, or other circumstance that could give rise to the termination of the Agreement or could otherwise cause the transaction to fail to close; (5) the impact of COVID-19 pandemic on Fr8Hub’s business and/or the ability of the parties to complete the proposed acquisition; (6) the inability to obtain or maintain the listing of Hudson Capital’s shares of common stock on Nasdaq following the proposed merger; (7) the risk that the proposed acquisition disrupts current plans and operations as a result of the announcement and consummation of the proposed merger; (8) the ability to recognize the anticipated benefits of the proposed merger, which may be affected by, among other things, competition, the ability of Fr8Hub to grow and manage growth profitably, and retain its key employees; (9) costs related to the proposed merger; (10) changes in applicable laws or regulations; (11) the possibility that Hudson Capital or Fr8Hub may be adversely affected by other economic, business, and/or competitive factors; (12) risks relating to the uncertainty of the projected financial information with respect to Fr8Hub; (13) risks related to the organic and inorganic growth of Fr8Hub’s business and the timing of expected business milestones; and (14) other risks and uncertainties indicated from time to time in the prospectus/proxy statement on the Form S-4, relating to the proposed merger, including those under “Risk Factors” therein, to be filed by Hudson Capital and in Hudson Capital’s other filings with the SEC.
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