Why did Hudson Technology's operating profit plummet in Q4 2024?

Hudson Acquisition I Corp. (HUDA) did not report any operating profit for Q4 2024, which can be attributed to several factors: 1. **Merger Activities**: HUDA was in the process of merging with Aiways Automobile Europe GmbH, which could have disrupted its normal operations and led to increased expenses related to the merger. 2. **General and Administrative Expenses**: The company reported a net loss primarily due to general and administrative expenses and franchise tax expenses. These expenses are likely to have been higher in Q4 2024 due to the merger activities. 3. **Franchise Tax Expenses**: The mention of franchise tax expenses as a significant contributor to the net loss suggests that HUDA may have incurred additional costs related to its franchise tax obligations, which could have been more pronounced in Q4 2024. In summary, the merger activities and the associated expenses are likely the main reasons for the operating profit plummet of Hudson Acquisition I Corp. in Q4 2024.