HUDAU Hudson Acquisition I Corporation

Item 8.01. Other Events

On October 21, 2022, Hudson Acquisition I Corp. a Delaware corporation (the “Company”) closed the sale of 845,300 units (the “OA Units”) at $10.00 per unit as a result of the underwriters’ partial exercise of their over-allotment option (the “Overallotment Offering”) in connection with the previously announced initial public offering (the “IPO”) pursuant to the underwriting agreement by and between the Company and Chardan Capital Markets, LLC dated October 14, 2022. Each OA Unit consists of one share of common stock of the Company, par value $0.0001 per share (the “Common Stock”) and one right to receive one-fifth (1/5) of one share of the Common Stock upon the consummation of an initial business combination (the “Right”). Such OA Units were registered pursuant to the Company’s registration statement on Form S-1 (File Number. 333-264557). As a result of the Overallotment Offering, the Company received gross proceeds of $8,453,000 (before deducting certain underwriting discount and fees), part of which was placed in a U.S.-based trust account (the “Trust Account”), maintained by Continental Stock Transfer & Trust Company (“Continental”), acting as trustee.

On October 21, 2022, simultaneously with the consummation of the Overallotment Offering, the Company completed the private placement of additional 31,500 units (the “Overallotment Private Placement Units”) pursuant to the Unit Private Placement Agreement dated October 14, 2022 by and between the Company and Hudson SPAC Holding, LLC (the “Sponsor”), in connection with the underwriters’ partial exercise of the over-allotment option, at a purchase price of $10.00 per Overallotment Private Placement Unit, generating gross proceeds of $315,000, a portion of which was placed in the Trust Account.

On November 30, 2022, the Company received the balance of $515,000 from the Sponsor as the consideration for the Sponsor’s purchase of the private placement units in connection with the IPO pursuant to the Unit Private Placement Agreement and, on December 1, 2022, the Sponsor confirmed with the Company its intent to convert the balance of the promissory note held by the Sponsor in the amount of $500,000 into the balance of the amount needed for the purchase of the private placement units in connection with the IPO, resulting in the Sponsor’s payment of total additional consideration of $1,015,000 (the “Catch-up Payment”).

An audited balance sheet as of October 18, 2022 reflecting the receipt of the proceeds upon consummation of the Company’s initial public offering and the private placement without giving effect to the Catch-up Payment and partial exercise of the overallotment, which was closed on October 21, 2022, has been issued by the Company’s registered public accounting firm and is attached hereto as Exhibit 99.1.