Hudson Global and Star Equity Holdings Complete Merger to Form Larger Holding Company with Increased Size and Diversified Revenue Streams

Hudson Global and Star Equity Holdings have completed their merger, forming a larger, diversified holding company with pro-forma annualized revenues of $210 million. The combined company aims to leverage its size, diversified revenue streams, and improved profitability to deliver returns to stockholders. The merger also increases the likelihood of utilizing Hudson Global's $240 million U.S. federal net operating losses. Hudson Global's stock will continue to trade under the symbol "HSON," while Star's stock has been suspended from trading.