Hudson Capital, Inc. (NASDAQ: HUSN) reported full year 2021 financial results for the period ended December 31, 2021. Hudson Capital filed a Form 20-F with the SEC.
Javier Selgas, CEO of Hudson Capital and Fr8App, said, “2022 has been a transformational year for us as a public company. In February, we acquired Freight App, Inc. (Fr8App), a well-run North American transportation logistics technology platform company with significant growth opportunities. Following that, at the end of March, we sold our non-core, non-performing assets thereby simplifying the business and bringing it renewed focus.
The 20-F SEC filing reports Hudson Capital, Inc.’s audited financial statements and results of operations for Hudson Capital, Inc., for the years ended December 31, 2021, 2020 and 2019, exclusive of Fr8App. Since the merger with Fr8App occurred on February 15, 2022, only filings following that date will include Fr8App results.
Paul Freudenthaler, CFO of Hudson Capital and Fr8App, said, “Completing the Hudson Capital 20-F filing is the foundation to registering the shares related to the Fr8App merger, which we anticipate to occur within 60 days following the 20-F filing. We are excited about the progress we are making and continue improving our position to drive shareholder value in 2022 and beyond.”
About Hudson Capital, Inc. and Freight App, Inc.Freight App, Inc. (Fr8App), a North American transportation logistics technology platform company focused on US-Mexico cross-border shipping, is a wholly-owned subsidiary of Hudson Capital, Inc. (NASDAQ: HUSN) headquartered in Houston, Texas. Fr8App, focusing on truckload freight for domestic and cross-border markets in Mexico, the US and Canada, makes shipping simple, transparent, and efficient. Fr8App uses its proprietary technology platform to connect carriers and shippers and significantly improve matching and operation efficiency via innovative technologies such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management, and committed capacity solutions.
