Hudson Capital Inc.
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HUDSON CAPITAL MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF HUDSON CAPITAL INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – HUSN
December 31, 2020.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Hudson Capital Inc. (NASDAQ: HUSN) and FreightHub, Inc. is fair to Hudson Capital shareholders. Upon closing of the merger, former FreightHub shareholders will hold approximately 85.7% of the combined company and shareholders of Hudson Capital will retain ownership of approximately 14.3% of the combined company, on a fully diluted basis. The proposed transaction will require the approval of Hudson Capital shareholders.
The investigation concerns whether Hudson Capital and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for Hudson Capital shareholders; and (2) disclose all material information necessary for Hudson Capital shareholders to adequately assess and value the merger. On behalf of Hudson Capital shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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