Hudson Acquisition I Corp. announced a private placement agreement issued non-interest bearing, unsecured promissory note for gross proceeds of $720,000 on July 18, 2023. The transaction included participation from Hudson SPAC Holding, LLC.

The note bears no interest and all unpaid principal will be due and payable in full upon the earlier of (i) the date of the consummation of the company?s initial business combination and (ii) the date of the liquidation of the company. The note issued in par value.