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NEW YORK - Hudson Global, Inc. (Nasdaq:HSON) and Star Equity Holdings, Inc. (Nasdaq:STRR; STRRP) have completed their previously announced merger, creating a larger diversified holding company, according to a press release issued Friday. InvestingPro data shows Star Equity trading at a notably low Price/Book multiple of 0.19x, with analysts projecting 48% revenue growth for fiscal year 2025.
Stockholders of both companies approved the transaction at their respective meetings held on August 21, 2025. Hudson Global’s common stock will continue trading under the HSON symbol, while its new 10% Series A Cumulative Perpetual Preferred Stock begins trading Friday under the symbol HSONP. According to InvestingPro analysis, Star Equity maintains a healthy current ratio of 1.51, indicating strong short-term liquidity position.
Under the merger terms, each share of Star common stock was converted into 0.23 shares of Hudson Global common stock, while each share of Star preferred stock was converted into one share of Hudson Global 10% Series A Cumulative Perpetual Preferred Stock.
The company plans to change its name to Star Equity Holdings, Inc. in the coming weeks, along with changing its ticker symbols to STRR and STRRP for its common and preferred stock, respectively.
The newly formed entity will operate with four reporting segments: Building Solutions, Business Services, Energy Services, and Investments. Jeff Eberwein will serve as CEO and Rick Coleman as COO, with a seven-member board of directors.
"We are pleased to announce the successful completion of our merger with Star," said Jeff Eberwein, CEO of Hudson Global.
The combined company has pro-forma annualized revenues of $210 million and aims to utilize Hudson Global’s $240 million in U.S. federal net operating losses. While the merger creates significant scale, InvestingPro subscribers can access 8 additional key financial metrics and insights about the company’s future prospects. Get exclusive access to detailed financial analysis and Fair Value estimates to make more informed investment decisions.
As part of the transaction, former Star common stockholders received approximately 744,291 shares of Hudson Global common stock, while former Star preferred stockholders received approximately 2,690,637 shares of Hudson Global Series A preferred stock.
Houlihan Lokey acted as financial advisor to Hudson Global, while Oberon Securities advised Star Equity in connection with the merger.
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