Hudson Capital and FreightHub Merge – Citybizlist

Posted: November 17, 2020 at 6:08 am

NEW YORK, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Hudson Capital Inc. (NASDAQ: HUSN) and FreightHub, Inc., a North American transportation logistics platform company focused on US-Mexico cross-border shipping, have continued to make progress in their plans to merge. On November 12, 2020, Hudson Capital filed with the Securities and Exchange Commission (SEC), a Registration Statement on Form S-4, including a preliminary joint proxy statement relating to the planned merger between Hudson Capital and Fr8Hub. In addition, on November 12, 2020, Hudson Capital received a notice from NASDAQ Regulation informing Hudson Capital that for the last 10 consecutive business days, from October 29 to November 11, 2020, the closing bid price of Hudson Capitals ordinary shares had been $1.00 or greater per share and accordingly, Hudson Capital had regained compliance with Listing Rule 5550(a)(2) and the issue with maintaining a minimum bid price of its shares was now closed.

About FreightHub, Inc.

FreightHub, Inc. (Fr8Hub) makes shipping simple, transparent, and efficient. A transportation logistics platform company, Fr8Hub focuses on truckload freight for US-Mexico cross-border, domestic Mexico and domestic US. 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.

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. 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. For more information, about Hudson Capital, please see the documents filed by Hudson Capital with the SEC at http://www.sec.gov.

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Hudson Capital and FreightHub Merge - Citybizlist

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