Hudson Capital Inc. (HUSN) gained 14.33% on Friday, March 26, 2021, after the recent merger announcement. Let’s have a look a HUSN stock’s recent developments.
Recent Merger agreements with FreightHub
- New Broker Portal
The stock went up on Friday, March 26, after HUSN announced a merger agreement with FreightHub to launchits new Broker Portal on March 25, 2021.The new Broker Portal is now available to freight forwarders and brokers in the domestic and US-Mexico cross border shipping markets.The CEO of Fr8Hub Javier Selgas said that Broker Portal will fulfil the systemic needs of brokers and forwarders.
- Load Board 2.0 availability
On March 11, 2021, Hudson Capital has signed a definitivemerger agreement with Fr8Hub for the availability of Load Board 2.0 for carriers that ship cross-border or to/from the border anywhere in the US, Mexico, or Canada.
- Commencing of Fr8Hub University
On February 25, 2021, Hudson Capital has signed a definitive merger agreement to commence the inaugural class of its Fr8Hub University starting the week of February 22, 2021, at the recently expanded headquarters in Monterrey, Mexico.Fr8Hub University will provide asix-week program consists of classroom and on-the-job training. Designed around an extensive list of topics.
- Launching new Technologies
On February 10, 2021, both companies signed adefinitive merger agreement to launch new technologies and functionalities on their platform and starting of digitization projects.
Hudson Capital Inc. Incorporated in 2014 and it was formally known as China Internet Nationwide Financial Services Inc. the HUSN provides financial advisory services to small and medium-size business and companies, including payment advisory, intermediary bank loan advisory and international corporate financing advisory.
Conclusion: The continuous improvement due to merger agreements, is the reason behind its stock surging. We can expect it to gain more in the coming days.