Hudson Global completes merger with Star Equity Holdings

Hudson Global Inc. (NASDAQ: HSON) and Star Equity Holdings Inc. (NASDAQ: STRR; STRRP) completed their merger on August 22, 2025, following stockholder approval at meetings held the previous day.

Under the merger terms, each Star common share converted to 0.23 Hudson Global common shares, while Star preferred shares converted on a one-to-one basis into Hudson Global 10% Series A Cumulative Perpetual Preferred Stock. Former Star stockholders received approximately 744,291 Hudson common shares and 2,690,637 Hudson preferred shares.

Hudson Global's common stock continues trading under "HSON," while its new preferred stock began trading under "HSONP" on August 22. Star's securities were suspended from Nasdaq trading effective that same day. Hudson Global plans to change its name to Star Equity Holdings Inc. and adopt ticker symbols "STRR" and "STRRP" for its common and preferred stock.

The combined company reports pro-forma annualized revenues of $210 million across four segments: Building Solutions, Business Services, Energy Services, and Investments. Hudson Global maintains $240 million in U.S. federal net operating losses as of December 31, 2024.

Jeff Eberwein serves as CEO of the merged entity, with Rick Coleman as COO. The board comprises seven members, six of whom are independent directors.

Houlihan Lokey advised Hudson Global on the transaction, while Oberon Securities advised Star Equity Holdings.

You May Also Be Interested In