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Hudson Global(HSON) - 2025 Q2 - Earnings Call Transcript
2025-08-08 15:00
Financial Data and Key Metrics Changes - For Q2 2025, the company reported revenue of $35.5 million, a slight decrease year over year in constant currency, while adjusted net revenue increased by 5.1% year over year in constant currency to $18.6 million [5] - Adjusted EBITDA for Q2 was $1.3 million, improving from $700,000 a year ago, while the net loss was $700,000 or $0.23 per diluted share compared to a net loss of $400,000 or $0.15 per diluted share in the same period last year [5] - On an adjusted basis, Q2 2025 adjusted net income per share was $0.12 compared to net income of $0.04 in the second quarter of last year [5] Business Line Data and Key Metrics Changes - Revenue for the Americas business increased by 2%, while adjusted net revenue decreased by 1% year over year in constant currency, with adjusted EBITDA of $700,000 compared to $600,000 last year [7] - Asia Pacific revenue decreased by 3%, but adjusted net revenue increased by 17% year over year in constant currency, with adjusted EBITDA rising to $1.9 million from $800,000 a year ago [7] - EMEA revenue increased by 6% year over year in constant currency, while adjusted net revenue decreased by 9%, resulting in an adjusted EBITDA loss of $400,000 compared to a gain of $300,000 in the previous year [8] Market Data and Key Metrics Changes - The company ended Q2 2025 with $17.5 million in cash, including $700,000 of restricted cash, and reported a cash flow from operations inflow of $100,000 compared to an outflow of $4.3 million in the previous year [10] - Days sales outstanding remained unchanged at 56 days as of June 30, 2025 [9] Company Strategy and Development Direction - The growth strategy focuses on organic expansion, targeted bolt-on acquisitions, and cross-regional service integration initiatives to broaden the client base and extend geographic footprint [6] - Recent strategic transactions include the acquisition of Alpha Consulting Group to enter the Japanese market and the integration of Mackenzie's CMO Group to enhance brand strategy and talent engagement capabilities [13] - The company is committed to investing in high-impact areas that deliver long-term value to clients and shareholders, with a focus on expanding geographical reach and service offerings [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the business turning a corner, with expectations for continued growth through the end of 2025 and into 2026 despite a mixed macro environment for talent [6] - The company is well-positioned for strong future growth and aims to outperform peers, with operational improvements expected to strengthen bottom-line performance [15] - Management highlighted the importance of the upcoming merger with Star Equity, which is anticipated to deliver significant value through greater scale and enhanced revenue diversification [15] Other Important Information - The company invested approximately $1.4 million in sales, marketing, and technology above maintenance levels to enhance future growth [6] - The merger with Star Equity is scheduled for a special meeting on August 21, 2025, and shareholders are encouraged to vote in favor [15] Q&A Session Summary Question: What led to higher margins in Asia? - Management indicated that the previous year's revenue was depressed due to a slowdown in hiring in the financial sector, and the current results reflect a return to normal activity levels [20] Question: What contributed to revenue growth in the Americas despite a poor jobs report? - Management attributed growth to new logo sales and a land and expand strategy, which has seen an increase in clients and service offerings [22] Question: What explains the outperformance in Europe? - Management noted traction from investments in the Middle East and an uptick in boutique executive search services, contributing to revenue growth [25] Question: Is the ACG acquisition immediately accretive to the bottom line? - Management expects immediate revenue growth from the ACG acquisition but indicated it would be roughly breakeven initially due to the previous struggles of the acquired business [39] Question: What are the capital allocation priorities post-merger? - The top priority is to make profitable investments in existing businesses, followed by potential bolt-on acquisitions and share buybacks once the merger is completed [57]
Hudson Global (HSON) Q2 Earnings Miss Estimates
ZACKS· 2025-08-08 14:41
分组1 - Hudson Global reported quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.17 per share, and showing an increase from $0.04 per share a year ago, resulting in an earnings surprise of -29.41% [1] - The company posted revenues of $35.54 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 3.38%, but down from $35.71 million year-over-year [2] - Hudson Global shares have declined approximately 30.1% since the beginning of the year, contrasting with the S&P 500's gain of 7.8% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.28 on revenues of $35.68 million, and for the current fiscal year, it is $0.22 on revenues of $138.42 million [7] - The Outsourcing industry, to which Hudson Global belongs, is currently ranked in the top 20% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]
Hudson Global(HSON) - 2025 Q2 - Earnings Call Presentation
2025-08-08 14:00
Financial Performance - Q2 2025 - Revenue decreased slightly by 0.5% to $35.5 million compared to $35.7 million in Q2 2024[5] - Adjusted net revenue increased by 5.8% to $18.6 million from $17.6 million in Q2 2024[5] - SG&A expenses increased by 2.7% to $17.3 million compared to $16.9 million in Q2 2024[5] - Adjusted EBITDA increased significantly by 76.6% to $1.3 million from $0.7 million in Q2 2024[5] - Net loss increased by 56.3% to $(0.7) million from $(0.4) million in Q2 2024[5] Financial Performance - YTD Q2 2025 - Revenue decreased by 3.2% to $67.4 million compared to $69.6 million in YTD Q2 2024[8] - Adjusted net revenue increased by 3.2% to $35.0 million from $33.9 million in YTD Q2 2024[8] - SG&A expenses decreased by 1.0% to $34.4 million compared to $34.7 million in YTD Q2 2024[8] - Adjusted EBITDA increased significantly by 181.4% to $0.6 million from $(0.8) million in YTD Q2 2024[8] - Net loss decreased by 26.8% to $(2.4) million from $(3.3) million in YTD Q2 2024[8] Regional Performance - Q2 2025 - Americas revenue increased by 2.4% to $7.1 million[11] - Asia Pacific revenue decreased by 4.8% to $21.6 million, but adjusted net revenue increased by 15.9% to $8.8 million[14] - EMEA revenue increased by 12.2% to $6.8 million, but adjusted net revenue decreased by 4.0% to $3.5 million[17]
Hudson Global(HSON) - 2025 Q2 - Quarterly Results
2025-08-08 12:53
[Q2 2025 Performance and Strategic Overview](index=1&type=section&id=Q2%202025%20Performance%20and%20Strategic%20Overview) Hudson Global's Q2 2025 saw a slight revenue dip but strong adjusted net revenue growth and improved profitability, driven by strategic acquisitions and investments [Financial Highlights](index=1&type=section&id=Financial%20Highlights) In the second quarter of 2025, Hudson Global reported a slight revenue decrease of 0.5% to $35.5 million, but saw a 5.8% increase in adjusted net revenue to $18.6 million. The company's net loss widened to $0.7 million from $0.4 million year-over-year. However, on an adjusted basis, net income per diluted share improved significantly to $0.12 from $0.04, and adjusted EBITDA nearly doubled to $1.3 million Q2 2025 Key Financial Metrics | Metric | Q2 2025 | Q2 2024 | Change | Constant Currency Change | | :--- | :--- | :--- | :--- | :--- | | Revenue | $35.5M | $35.7M | -0.5% | -0.2% | | Adjusted Net Revenue | $18.6M | $17.6M (implied) | +5.8% | +5.1% | | Net Loss | ($0.7M) | ($0.4M) | Increased Loss | N/A | | Diluted Loss Per Share | ($0.23) | ($0.15) | Increased Loss | N/A | | Adjusted Net Income Per Diluted Share | $0.12 | $0.04 | +200% | N/A | | Adjusted EBITDA | $1.3M | $0.7M | +85.7% | N/A | - The company ended the second quarter with a total cash position of **$17.5 million**, including restricted cash[7](index=7&type=chunk) [Management Commentary and Strategy](index=1&type=section&id=Management%20Commentary%20and%20Strategy) Management attributes the growth in adjusted net revenue to a modest business upturn, especially in the Asia Pacific region. The company is focused on a growth strategy involving organic expansion, strategic acquisitions, and cross-regional integration. Key activities in the first half of 2025 include strategic hires, the acquisition of Alpha Consulting Group in Japan and McKinsey CMO Group (CMRG), and a $1.4 million investment in sales, marketing, and technology. Additionally, a definitive merger agreement was signed with Star Equity Holdings, which is expected to create value through increased scale and cost synergies - Strategic initiatives in H1 2025 included key hires and two acquisitions: **Alpha Consulting Group** to enter the Japanese market and **McKinsey CMO Group (CMRG)** to enhance recruitment marketing[5](index=5&type=chunk) - The company invested approximately **$1.4 million** in sales, marketing, and technology during the first half of 2025 to support future growth[5](index=5&type=chunk) - A definitive merger agreement was signed with **Star Equity Holdings** (Nasdaq: STRR) in May 2025, pending shareholder approval. The merger is expected to increase size, diversify revenue, and eliminate redundant public company costs[6](index=6&type=chunk) [Regional Performance](index=3&type=section&id=Regional%20Performance) Hudson Global's Q2 2025 regional performance showed strong adjusted net revenue growth in Asia Pacific, mixed results in Americas, and a decline in EMEA [Americas](index=3&type=section&id=Americas) The Americas region reported a 2% increase in revenue to $7.1 million in Q2 2025. However, adjusted net revenue saw a slight decrease of 1% to $6.3 million. EBITDA fell to $0.2 million from $0.4 million, while adjusted EBITDA saw a modest increase to $0.7 million Americas Q2 2025 Performance (vs. Q2 2024) | Metric | Q2 2025 | Q2 2024 | Change | | :--- | :--- | :--- | :--- | | Revenue | $7.1M | $7.0M (approx) | +2% | | Adjusted Net Revenue | $6.3M | $6.3M (approx) | -1% | | EBITDA | $0.2M | $0.4M | -50% | | Adjusted EBITDA | $0.7M | $0.6M | +16.7% | [Asia Pacific](index=3&type=section&id=Asia%20Pacific) The Asia Pacific region demonstrated strong growth in profitability. While revenue decreased by 3% to $21.6 million, adjusted net revenue grew significantly by 17% to $8.8 million. EBITDA surged to $1.4 million from $0.2 million, and adjusted EBITDA more than doubled to $1.9 million from $0.8 million in the prior-year quarter Asia Pacific Q2 2025 Performance (vs. Q2 2024) | Metric | Q2 2025 | Q2 2024 | Change | | :--- | :--- | :--- | :--- | | Revenue | $21.6M | $22.6M | -3% (const. currency) | | Adjusted Net Revenue | $8.8M | $7.6M | +17% (const. currency) | | EBITDA | $1.4M | $0.2M | +600% | | Adjusted EBITDA | $1.9M | $0.8M | +137.5% | [Europe, Middle East, and Africa ("EMEA")](index=3&type=section&id=Europe%2C%20Middle%20East%2C%20and%20Africa%20%28%22EMEA%22%29) The EMEA region experienced mixed results with a 6% increase in revenue to $6.8 million, but a 9% decrease in adjusted net revenue to $3.5 million. The region swung to an EBITDA loss of $0.7 million and an adjusted EBITDA loss of $0.4 million, compared to positive contributions in the same period last year EMEA Q2 2025 Performance (vs. Q2 2024) | Metric | Q2 2025 | Q2 2024 | Change | | :--- | :--- | :--- | :--- | | Revenue | $6.8M | $6.1M | +6% (const. currency) | | Adjusted Net Revenue | $3.5M | $3.6M | -9% (const. currency) | | EBITDA | ($0.7M) | $0.1M | Loss vs. Profit | | Adjusted EBITDA | ($0.4M) | $0.3M | Loss vs. Profit | [Corporate Financial Position](index=4&type=section&id=Corporate%20Financial%20Position) Hudson Global maintained a strong cash position and improved operating cash flow in Q2 2025, while continuing its share repurchase program and protecting its NOL carryforwards [Corporate Costs](index=4&type=section&id=Corporate%20Costs) Corporate costs for Q2 2025 were $0.9 million, remaining flat compared to the prior year. These figures exclude non-recurring expenses, which amounted to $0.6 million in Q2 2025 and $0.2 million in Q2 2024 - Corporate costs were approximately flat year-over-year at **$0.9 million** in Q2 2025[13](index=13&type=chunk) - Non-recurring corporate expenses increased to **$0.6 million** in Q2 2025 from **$0.2 million** in Q2 2024[13](index=13&type=chunk) [Liquidity and Capital Resources](index=4&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintained a solid liquidity position, ending Q2 2025 with $17.5 million in cash. A notable improvement was seen in cash flow from operations, which was a positive $0.1 million, compared to a significant outflow of $4.3 million in the same quarter of the previous year - The company held **$17.5 million** in cash, including **$0.7 million** in restricted cash, at the end of Q2 2025[14](index=14&type=chunk) - Cash flow from operations was an inflow of **$0.1 million** in Q2 2025, a significant turnaround from an outflow of **$4.3 million** in Q2 2024[14](index=14&type=chunk) [Shareholder Programs](index=4&type=section&id=Shareholder%20Programs) Hudson Global continues to execute its $5 million share repurchase program, having bought back $2.9 million worth of shares to date with $2.1 million remaining. The company also highlights its valuable $240 million U.S. Net Operating Loss (NOL) carryforward, which is protected by a rights agreement limiting individual stock ownership to 4.99% without board approval - Under its **$5 million** share repurchase program effective August 2023, the company has purchased **175,041 shares** for **$2.9 million**, with **$2.1 million** remaining[15](index=15&type=chunk) - The company possesses a valuable asset of **$240 million** in U.S. Net Operating Loss (NOL) carryforwards as of December 31, 2024, protected by a shareholder rights plan[16](index=16&type=chunk) [Financial Statements and Reconciliations](index=7&type=section&id=Financial%20Statements%20and%20Reconciliations) This section provides detailed financial statements including income statements, balance sheets, and reconciliations of non-GAAP measures like Adjusted EBITDA and Adjusted Net Income [Condensed Consolidated Statements of Operations](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For the three months ended June 30, 2025, the company's revenue was $35.5 million, a slight decrease from $35.7 million in the prior year. Total operating expenses were marginally lower at $35.8 million, resulting in an operating loss of $0.2 million. The net loss for the quarter widened to $0.7 million, or ($0.23) per share, compared to a net loss of $0.4 million, or ($0.15) per share, in Q2 2024 Q2 2025 Income Statement Summary (in thousands) | Line Item | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | :--- | :--- | :--- | | Revenue | $35,541 | $35,712 | | Total operating expenses | $35,752 | $35,899 | | Operating loss | ($211) | ($187) | | Net loss | ($688) | ($441) | | Diluted loss per share | ($0.23) | ($0.15) | [Condensed Consolidated Balance Sheets](index=8&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, Hudson Global had total assets of $55.6 million, up from $52.6 million at the end of 2024. The increase was driven primarily by higher accounts receivable. Total liabilities also increased to $15.4 million from $12.2 million, while total stockholders' equity slightly decreased to $40.1 million Balance Sheet Summary (in thousands) | Line Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $16,837 | $17,011 | | Total current assets | $43,293 | $40,140 | | Total assets | $55,577 | $52,583 | | Total current liabilities | $14,256 | $11,222 | | Total liabilities | $15,447 | $12,155 | | Total stockholders' equity | $40,130 | $40,428 | [Segment Analysis and Non-GAAP Reconciliation](index=9&type=section&id=Segment%20Analysis%20and%20Non-GAAP%20Reconciliation) This section reconciles the company's GAAP net loss to the non-GAAP measure of Adjusted EBITDA. For Q2 2025, the net loss of $0.7 million was adjusted for taxes, interest, D&A, stock-based compensation, and non-recurring fees to arrive at an Adjusted EBITDA of $1.3 million. The Asia Pacific region was the largest contributor to positive Adjusted EBITDA, while EMEA and Corporate segments were detractors Q2 2025 Reconciliation of Net Loss to Adjusted EBITDA (in thousands) | Line Item | Amount | | :--- | :--- | | Net loss | ($688) | | Provision from income taxes | $345 | | Interest income, net | ($54) | | Depreciation and amortization | $245 | | **EBITDA (loss)** | **($152)** | | Stock-based compensation expense | $243 | | Non-recurring severance and professional fees | $1,039 | | Other non-operating adjustments | $186 | | **Adjusted EBITDA** | **$1,316** | [Constant Currency Reconciliation](index=11&type=section&id=Constant%20Currency%20Reconciliation) The company provides a constant currency analysis to show underlying business trends without the impact of foreign exchange fluctuations. For Q2 2025, the reported revenue decline of 0.5% was a 0.2% decline in constant currency. More significantly, the reported 5.8% growth in adjusted net revenue was a 5.1% growth on a constant currency basis, indicating solid underlying operational performance Q2 2025 Constant Currency Impact (in thousands) | Metric | As Reported (2025) | As Reported (2024) | Constant Currency (2024) | % Change (Constant Currency) | | :--- | :--- | :--- | :--- | :--- | | Total Revenue | $35,541 | $35,712 | $35,628 | -0.2% | | Total Adjusted Net Revenue | $18,635 | $17,615 | $17,738 | +5.1% | [Adjusted Net Income Per Share Reconciliation](index=12&type=section&id=Adjusted%20Net%20Income%20Per%20Share%20Reconciliation) This table reconciles GAAP net loss to non-GAAP adjusted net income. For Q2 2025, the GAAP net loss of $0.7 million, or ($0.23) per share, was adjusted for $1.0 million in non-recurring severance and professional fees (after tax). This resulted in an adjusted net income of $0.4 million, or $0.12 per diluted share, a significant improvement from $0.04 in the prior year Q2 2025 Reconciliation to Adjusted Net Income Per Share | Line Item | Net Income (in thousands) | Per Diluted Share | | :--- | :--- | :--- | | Net loss (GAAP) | $(688) | $(0.23) | | Non-recurring fees (after tax) | $1,039 | $0.35 | | **Adjusted net income (Non-GAAP)** | **$351** | **$0.12** | [Important Disclosures](index=5&type=section&id=Important%20Disclosures) This section outlines critical legal and financial disclaimers, including forward-looking statements and specific information regarding the proposed merger with Star Equity Holdings [Forward-Looking Statements](index=5&type=section&id=Forward-Looking%20Statements) This section contains the standard "safe harbor" statement, cautioning investors that statements in the press release that are not historical facts are forward-looking and subject to risks and uncertainties. It lists numerous risk factors, including economic conditions, the ability to achieve strategic initiatives, and specific risks related to the proposed merger with Star Equity Holdings - The press release includes forward-looking statements concerning future financial conditions and business prospects, which are subject to significant risks and uncertainties[19](index=19&type=chunk) - Key risks highlighted include global economic fluctuations, risks related to the proposed merger with **Star Equity Holdings**, competition, and reliance on information systems[19](index=19&type=chunk) [Merger Solicitation and Information](index=6&type=section&id=Merger%20Solicitation%20and%20Information) This section provides legal disclosures related to the proposed merger with Star Equity Holdings. It clarifies that the press release is considered solicitation material and is not a substitute for official SEC filings. Investors are strongly urged to read the S-4 Registration Statement and the joint Proxy Statement/Prospectus for complete and important information about the transaction - This press release is deemed solicitation material regarding the proposed merger with **Star Equity Holdings**[21](index=21&type=chunk) - Investors are urged to read the official Registration Statement on Form S-4 and the Proxy Statement/Prospectus, which contain important information about the merger[21](index=21&type=chunk) - Official documents related to the merger are available for free on the SEC's website (sec.gov) and Hudson's investor relations website[23](index=23&type=chunk)
Hudson Global Reports 2025 Second Quarter Results
Globenewswire· 2025-08-08 12:30
Core Insights - Hudson Global, Inc. reported financial results for the second quarter ended June 30, 2025, highlighting a modest increase in adjusted net revenue driven by improved business activity, particularly in the Asia Pacific region [1][3] - The company made strategic hires and completed two acquisitions, enhancing its capabilities and marking its entry into the Japanese market [3][4] - A merger agreement with Star Equity Holdings is expected to create significant value for shareholders through increased size and diversification of revenue streams [4] Financial Performance - For Q2 2025, total revenue was $35.5 million, a decrease of 0.5% from Q2 2024, while adjusted net revenue was $18.6 million, an increase of 5.8% [7][40] - The net loss for Q2 2025 was $0.7 million, or $0.23 per diluted share, compared to a net loss of $0.4 million, or $0.15 per diluted share, in Q2 2024 [7][43] - Adjusted EBITDA for Q2 2025 was $1.3 million, up from $0.7 million in the same period last year [7][34] Regional Highlights - In the Americas, revenue was $7.1 million, a 2% increase, while adjusted net revenue decreased by 1% to $6.3 million [5] - Asia Pacific revenue was $21.6 million, a 3% decrease, but adjusted net revenue increased by 17% to $8.8 million [8] - EMEA revenue increased by 6% to $6.8 million, while adjusted net revenue decreased by 9% to $3.5 million [9] Corporate Strategy - The company invested approximately $1.4 million in sales, marketing, and technology in the first half of 2025 to support future growth [3] - The growth strategy focuses on organic expansion, targeted acquisitions, and cross-regional service integration [3] - The company has a $5 million share repurchase program, with $2.1 million remaining [12] Liquidity and Capital Resources - As of June 30, 2025, the company had $17.5 million in cash, including $0.7 million in restricted cash [11] - Cash flow from operations was $0.1 million in Q2 2025, a significant improvement from an outflow of $4.3 million in Q2 2024 [11] NOL Carryforward - As of December 31, 2024, Hudson Global had $240 million of usable net operating losses (NOL) in the U.S., which the company considers a valuable asset [13]
Hudson RPO Announces Strategic Integration of CMRG to Expand Employer Branding and Talent Engagement Capabilities
Globenewswire· 2025-08-01 13:10
Core Insights - Hudson Global, Inc. announced the strategic integration of McKinsey CMO Group (CMRG), enhancing its capabilities in recruitment marketing and talent engagement [1][2] - The integration aims to strengthen employer branding and improve candidate experiences, providing a comprehensive suite of services [2][4] - Crystal McKinsey, the founder of CMRG, will assume the role of Global Head of Marketing at Hudson RPO, focusing on talent attraction and employer branding [3] Company Strategy - The integration of CMRG is a pivotal step in Hudson RPO's growth strategy, enhancing its marketing and talent acquisition solutions [4] - Hudson RPO aims to deliver end-to-end talent solutions, helping clients become employers of choice in competitive markets [4] - The move is designed to be cost-efficient, emphasizing scalable and strategic talent solutions that drive long-term value for shareholders [4] Market Position - Hudson RPO is positioned as a leading global provider of flexible and scalable total talent solutions, combining people, process, and technology [5] - The company partners with talent acquisition, HR, and procurement leaders to build diverse, high-impact teams [5] - The integration with CMRG is expected to enhance Hudson RPO's operational excellence and global reach [4]
Hudson Global to Report Second Quarter 2025 Financial Results on August 8
Globenewswire· 2025-07-30 12:30
Core Viewpoint - Hudson Global, Inc. is set to release its second quarter financial results for the period ending June 30, 2025, on August 8, 2025, before market opening [1] Group 1: Financial Results Announcement - The company will host a conference call to discuss its financial results on August 8, 2025, at 10:00 am ET [1] - A simultaneous webcast of the conference call will be available on the company's investor relations website [1] - The archived version of the call will also be accessible on the investor relations section of the company's website [1] Group 2: Company Overview - Hudson Global, Inc. operates as a leading global total talent solutions provider under the brand name Hudson RPO [2] - The company offers customized recruitment outsourcing and total talent solutions to organizations worldwide [2] - Hudson Global employs a consultative approach to develop tailored talent solutions that align with clients' strategic growth initiatives [2]
URGENT: The M&A Class Action Firm Encourages $hareholders to Act Before Vote – Hudson Global, Inc. (HSON)
GlobeNewswire News Room· 2025-07-29 14:40
NEW YORK, July 29, 2025 (GLOBE NEWSWIRE) -- Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Hudson Global, Inc. (HSON) related to its merger with Star Equity Holdings, Inc. Upon completion of the proposed transaction, Hudso ...
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates FL, ENZB, HSON on Behalf of Shareholders
Prnewswire· 2025-07-28 22:37
Group 1 - Halper Sadeh LLC is investigating Foot Locker, Inc. for potential violations related to its sale to DICK'S Sporting Goods, where shareholders can choose between $24.00 in cash or 0.1168 shares of DICK'S common stock for each share of Foot Locker [1] - Enzo Biochem, Inc. is being sold to Battery Ventures for $0.70 per share in cash [2] - Hudson Global, Inc. is merging with Star Equity Holdings, Inc., resulting in Hudson shareholders owning approximately 79% of the combined company post-transaction [2] Group 2 - Halper Sadeh LLC may seek increased consideration for shareholders and additional disclosures regarding the proposed transactions [3] - Shareholders are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options at no charge [4] - The firm represents investors globally who have experienced securities fraud and corporate misconduct, recovering millions for defrauded investors [4]
SHAREHOLDER ALERT: The M&A Class Action Firm Continues To Investigate Merger of FL, ENZB, HSON, and BRZH
Prnewswire· 2025-07-28 18:56
Group 1: Foot Locker, Inc. Merger - Foot Locker, Inc. is investigating a proposed merger with DICK'S Sporting Goods, Inc., where shareholders can choose to receive either $24.00 in cash or 0.1168 shares of DICK'S common stock for each share of Foot Locker common stock [1] - The shareholder vote for the merger is scheduled for August 22, 2025 [1] Group 2: Enzo Biochem, Inc. Sale - Enzo Biochem, Inc. is set to be sold to Battery Ventures for $0.70 per share in cash without interest to shareholders [2] - The shareholder vote for this transaction is scheduled for August 19, 2025 [2] Group 3: Hudson Global, Inc. Merger - Hudson Global, Inc. is involved in a merger with Star Equity Holdings, Inc., where Hudson shareholders will own approximately 79% of the combined company post-transaction [2] - The shareholder vote for this merger is scheduled for August 21, 2025 [2] Group 4: Breeze Holdings Acquisition Corp. Merger - Breeze Holdings Acquisition Corp. is proposing a merger with YD Biopharma Limited, where all ordinary shares of Breeze Holdings will convert into the right to receive one ordinary share of the surviving company [3] - The shareholder vote for this merger is scheduled for August 14, 2025 [3]