Hudson Acquisition I announced it has signed a letter agreement with Aiways Automobile Europe GmbH for a business combination. The shareholders of Aiways Europe will receive newly issued shares of HUDA common stock in an aggregate amount representing an equity valuation of approximately $400 million. The de-SPAC is expected to close on or around December 31, 2024. At the consummation of the de-SPAC, HUDA’s shareholders will become minority and non-controlling shareholders in the combined entity.