Hudson Global Director Fruhbeis Todd Michael buys 1,100 shares at $9.58 per share.

On August 28, 2025, Hudson Global, Inc. announced that Director Fruhbeis Todd Michael purchased 1100 shares of the company's stock at a price of $9.58 per share.

On August 21, 2025, Hudson Global, Inc. (Nasdaq: HSON) and Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) completed their merger, forming a larger, diversified holding company. The merger was approved by the stockholders of both companies at their respective meetings held on August 21, 2025. The common stock of Hudson Global will continue to trade under the symbol "HSON," while the Hudson Global 10% Series A Cumulative Perpetual Preferred Stock will begin trading on the Nasdaq on August 22, 2025 under the ticker symbol "HSONP." Star’s common and preferred stock has been suspended from trading on the Nasdaq effective as of the opening of trading on August 22, 2025 [1].

The merger will result in a combined company with pro-forma annualized revenues of $210 million and greater revenue diversity. This merger also increases the likelihood of utilizing Hudson Global’s $240 million U.S. federal net operating losses (NOLs) [1].

Hudson Global, now composed of four reporting segments—Building Solutions, Business Services, Energy Services, and Investments—will maintain its corporate structure and management team. The merger is expected to have no material impact on clients, employees, or brand names of any of the operating businesses [1].

On August 28, 2025, Director Fruhbeis Todd Michael purchased 1100 shares of Hudson Global’s stock at a price of $9.58 per share [2]. This transaction highlights the ongoing interest and confidence in the company's future prospects.

The completion of the transaction followed the satisfaction of all conditions to the Closing of the Merger, including approvals by the stockholders of both Hudson Global and Star. Former Star common stockholders received approximately 744,291 shares of Hudson Global common stock for their Star common shares, while former Star preferred stockholders received approximately 2,690,637 shares of Hudson Global Series A preferred stock [1].

Houlihan Lokey acted as the financial advisor to Hudson Global in connection with the Merger, while Oberon Securities acted as the financial advisor to Star [1].

References:
[1] https://mx.advfn.com/bolsa-de-valores/NASDAQ/STRR/noticias/96689049/hudson-global-and-star-equity-holdings-announce-cl
[2] https://mx.advfn.com/bolsa-de-valores/NASDAQ/STRR/noticias/96689049/hudson-global-and-star-equity-holdings-announce-cl