SPAC Hudson Acquisition I prices $60 million IPO, targeting US technology

Hudson Acquisition I, a blank check company targeting technology in the US, raised $60 million by offering 6.0 million units at $10 per unit. Each unit consists of one share of common stock and one right to receive one-fifth of a share upon the completion of an initial business combination.

The SPAC is led by Chairman and CEO Jiang Hui, the current CEO of electronic payment developer Wave Sync (OTC: WAYS), who previously served as VP of the New York Branch of the Industrial and Commercial Bank of China. He is joined by CFO and Director Hon Man Yun, the current CFO of Wave Sync.

The New York, NY-based company seeks to leverage management's experience and target the technology industry in the US. Sectors of interest include financial technology, consumer technology, medical technology, and advanced mobility technology.

Hudson Acquisition I plans to list on the Nasdaq under the symbol HUDAU. Chardan Capital Markets acted as sole bookrunner on the deal.