Summary of Hudson Global and STAR Equity Holdings Merger Announcement Conference Call Industry and Companies Involved - **Companies**: Hudson Global (HSON) and STAR Equity Holdings (STRR) - **Industry**: Mergers and Acquisitions, Staffing and Recruitment Services Core Points and Arguments 1. **Merger Announcement**: Hudson and STAR signed a definitive merger agreement, marking a significant milestone for both companies [4] 2. **Transaction Structure**: STAR will merge into a wholly owned subsidiary of Hudson, with STAR shareholders receiving 0.23 shares of HSON for each STAR share held [5] 3. **Ownership Post-Merger**: Upon completion, Hudson shareholders will own approximately 79% of the new company (NewCo), while STAR shareholders will own about 21% [5] 4. **Financial Projections**: The merger is expected to create a larger holding company with pro forma annualized revenue exceeding $200 million and anticipated annualized cost savings of at least $2 million within 12 months [6] 5. **Growth Goals**: NewCo aims to reach $40 million in adjusted EBITDA by February 2030, based solely on organic growth [7] 6. **Operational Segments**: NewCo will consist of four reporting segments: Building Solutions, Business Services, Energy Services, and Investments [7] 7. **Strategic Advantages**: The merger is expected to enhance stock trading liquidity, market capitalization, and provide better financing terms for acquisitions [6][9] 8. **Management Structure**: The management team from both companies will lead NewCo, maintaining a decentralized operating model and a value-oriented acquisition strategy [10] Additional Important Information 1. **Regulatory Approval**: The merger is pending regulatory and shareholder approvals, anticipated to close in the second half of 2025 [6] 2. **Cost Savings Details**: Identified cost savings will come from eliminating duplicative functions, such as audits and public company costs [14][15] 3. **NOL Utilization**: NewCo will benefit from Hudson's substantial net operating losses (NOL), which will be utilized to offset taxable income [17] 4. **Market Positioning**: The merger aims to break out of "microcap purgatory," enhancing the visibility and liquidity of both companies in the market [55] 5. **Shareholder Vote**: A majority vote from both companies' shareholders is required for the merger to proceed [22][28] 6. **Dividends**: STAR's preferred stock will continue to pay dividends post-merger, with no changes to the terms [60] 7. **Future Growth Strategy**: Both companies plan to pursue organic growth and bolt-on acquisitions to enhance their market positions [37][39] This summary encapsulates the key points discussed during the conference call regarding the merger between Hudson Global and STAR Equity Holdings, highlighting the strategic rationale, expected benefits, and operational plans for the newly formed entity.

Proposed Merger (Nasdaq: HSON) (Nasdaq: STRR, STRRP) PARTICIPANTS IN THE SOLICITATION Hudson, Star, and their respective directors and certain of their executive officers and employees may be considered participants in the solicitation of proxies from Hudson's stockholders with respect to the proposed merger transaction under the rules of the SEC. Information about the directors and executive officers of Hudson is set forth in its Annual Report on Form 10-K for the year ended December 31, 2024, which was fi ...

Accretive Combination Increases Scale, Diversifies Revenue Streams, and Leverages Corporate Overhead and Public Company Costs Better Positions both Companies to Accelerate Growth and Maximize Shareholder Value Companies to Host a Joint Conference Call on May 22 at 10:00 am ET to Discuss the Merger OLD GREENWICH, Conn., May 21, 2025 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (“Star”) (Nasdaq: STRR; STRRP) and Hudson Global, Inc. (“Hudson”) (Nasdaq: HSON) (the “Companies”), announced today the signing of ...

OLD GREENWICH, Conn., May 20, 2025 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star” or the “Company”), a diversified holding company, announced today that its Board of Directors declared a cash dividend to holders of the Company’s 10% Series A Cumulative Perpetual Preferred Stock of $0.25 per share. The record date for this dividend is June 1, 2025, and the payment date is June 10, 2025. About Star Equity Holdings, Inc.Star Equity Holdings, Inc. is a diversified holding company c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number: 001-35947 Star Equity Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 33-0145723 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 53 Forest Ave., Suite 101, Old Greenwich CT 06870 (Address ...

Star Equity (STRR) Q1 2025 Earnings Call May 14, 2025 10:00 AM ET Company Participants Richard Coleman - Chief Executive OfficerDavid Noble - Chief Financial OfficerTheodore O'Neill - CEOJeffrey Eberwein - Executive Chairman of the Board Conference Call Participants Tate Sullivan - Managing Director & Senior Industrials Analyst Operator Greetings, ladies and gentlemen, and welcome to Star Equity Holdings First Quarter twenty twenty five Results Conference Call. Please be advised that discussions on today's ...

Star Equity (STRR) Q1 2025 Earnings Call May 14, 2025 10:00 AM ET Speaker0 Greetings, ladies and gentlemen, and welcome to Star Equity Holdings First Quarter twenty twenty five Results Conference Call. Please be advised that discussions on today's call may include forward looking statements. Such forward looking statements involve certain risks and uncertainties that may cause actual results to differ materially from those contained in the forward looking statements. Please refer to Star Equity's most recen ...

Star Equity (STRR) came out with a quarterly loss of $0.52 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to loss of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -108%. A quarter ago, it was expected that this diagnostic services and imaging company would post a loss of $0.17 per share when it actually produced earnings of $0.15, delivering a surprise of 188.24%.Over the last four quar ...

For immediate release May 14, 2025 Star Equity Holdings, Inc. Announces 2025 First Quarter Financial Results Q1 2025 revenues increased to $12.9 million vs. $9.1 million in Q1 2024 Alliance Drilling Tools acquisition marks entry into Energy Services Quarter-end Building Solutions backlog stands at record $27.9 million Old Greenwich, CT. - Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) ("Star" or the "Company"), a diversified holding company, reported today its financial results for the first quarter (Q1) ...

OLD GREENWICH, Conn., May 07, 2025 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP), (“Star Equity” or the “Company”), a diversified holding company, announced today that it will release its financial results for the first quarter ended March 31, 2025, before the market opens on Wednesday, May 14, 2025. A conference call is scheduled for 10:00 a.m. ET (7:00 a.m. PT) on May 14, 2025, to discuss the results and management’s outlook. The call may be accessed by dialing: Toll Free: 1-833-630 ...