Star Equity Holdings Stock Price, News & Analysis

Star Equity Holdings, Inc. 10% Series A Cumulative Perpetual Preferred Stock (Nasdaq: STRRP) represents a preferred equity security of Star Equity Holdings, Inc., a diversified holding company. According to company disclosures, Star Equity seeks to build long-term shareholder value by acquiring, managing, and growing businesses with strong fundamentals and identifiable market opportunities. The preferred stock is identified as the 10% Series A Cumulative Perpetual Preferred Stock and trades under the ticker symbol STRRP on Nasdaq.

Star Equity Holdings, Inc. operates through multiple divisions and segments that provide the business foundation supporting both its common and preferred equity. Public information describes a structure that includes Building Solutions, Business Services, Energy Services, and Investments. These divisions give the company exposure to construction-related manufacturing, recruitment and talent services, energy-related tools and services, and real estate and securities investments.

Business Structure and Divisions

The company describes itself as a diversified holding company. Its current structure, as outlined in multiple press releases, comprises four divisions:

• Building Solutions – This division operates in three niches: (i) modular building manufacturing; (ii) structural wall panel and wood foundation manufacturing, including building supply distribution operations; and (iii) glue-laminated timber (glulam) column, beam, and truss manufacturing.
• Business Services – The Business Services division provides flexible and scalable recruitment solutions to a global clientele. It services organizations at all levels, from entry-level positions to the C-suite, and focuses on mid-market and enterprise organizations worldwide. The division partners consultatively with talent acquisition, HR, and procurement leaders.
• Energy Services – The Energy Services division engages in the rental, sale, and repair of downhole tools used in the oil and gas, geothermal, mining, and water-well industries.
• Investments – The Investments division manages and finances the company’s real estate assets as well as its investment positions in private and public companies.

In earlier disclosures, Star Equity also described itself as having three divisions (Building Solutions, Energy Services, and Investments), reflecting how its structure has evolved over time. Later communications, including merger-related materials, reference four reporting segments that align with the Building Solutions, Business Services, Energy Services, and Investments activities.

Corporate Developments and Merger History

Star Equity Holdings, Inc. and Hudson Global, Inc. entered into an Agreement and Plan of Merger dated May 21, 2025. Under this agreement, HSON Merger Sub, Inc., a wholly owned subsidiary of Hudson Global, was to merge with and into Star Equity, with Star Equity continuing as the surviving corporation as a wholly owned subsidiary of Hudson.

On August 21, 2025, Star Equity stockholders approved the merger agreement at a special meeting, as reported in a Form 8-K. On August 22, 2025, the merger closed, and Hudson Global completed its acquisition of Star Equity Holdings, Inc. At the effective time of the merger, Merger Sub merged with and into Star, with Star continuing as the surviving corporation under the name Star Operating Companies, Inc. as a wholly owned subsidiary of Hudson Global.

According to merger disclosures, at the effective time:

• Each share of Star common stock outstanding immediately prior to the effective time (other than certain excluded shares) was automatically converted into the right to receive 0.23 shares of Hudson Global common stock.
• Each share of Star 10% Series A Cumulative Perpetual Preferred Stock outstanding immediately prior to the effective time (other than certain excluded shares) was automatically converted into the right to receive one share of Hudson Global 10% Series A Cumulative Perpetual Preferred Stock.

Following the merger, a joint press release stated that the combined entity would operate as a larger, multi-sector holding company with reporting segments that include Building Solutions, Business Services, Energy Services, and Investments. Hudson Global indicated that it expected to change its name to Star Equity Holdings, Inc. and its trading symbols to STRR and STRRP, reflecting continuity of the Star Equity brand and ticker identifiers at the combined-company level.

Delisting and Deregistration of the Original STRRP Issue

The original Star Equity Holdings, Inc. preferred stock associated with STRRP underwent a change in listing status in connection with the merger. A Form 8-K dated August 22, 2025 reports that Star notified Nasdaq that the merger had been completed and requested that Nasdaq suspend trading of Star’s common stock and preferred stock effective as of the open of business on August 22, 2025, withdraw those securities from listing on the Nasdaq Global Market, and file a notification of delisting and deregistration under Section 12(b) of the Exchange Act.

On the same date, Nasdaq Stock Market LLC filed a Form 25 (25-NSE) for Star Equity Holdings, Inc. common stock and Series A Cumulative Perpetual Preferred Stock. This filing is a notification of removal from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934, confirming that Star’s common and preferred stock were being struck from listing on Nasdaq.

Subsequently, on September 3, 2025, Star Operating Companies, Inc. (formerly Star Equity Holdings, Inc.) filed a Form 15 (15-12G) covering its common stock and Series A Cumulative Perpetual Preferred Stock. This filing certified the termination of registration under Section 12(g) and the suspension of duty to file reports under Sections 13 and 15(d) of the Exchange Act for those securities. The Form 15 explains that, as a result of the merger, Star became a wholly owned subsidiary of Hudson Global and that Star’s common and preferred stock had been delisted from the Nasdaq Global Market and deregistered under Section 12(b).

These filings mean that the original Star Equity Holdings, Inc. 10% Series A Cumulative Perpetual Preferred Stock associated with STRRP was delisted and deregistered as a separate issuer-level security. However, merger terms provided that each share of that preferred stock was converted into a corresponding share of Hudson Global 10% Series A Cumulative Perpetual Preferred Stock, and later company communications indicate that the combined company’s preferred stock trades under the STRRP symbol after Hudson Global’s name and ticker changes.

Dividend Features and Preferred Stock Context

Company announcements describe the Series A preferred stock as 10% Series A Cumulative Perpetual Preferred Stock. Public disclosures include multiple references to cash dividends declared on this series. For example, a press release dated November 14, 2025 states that the Board of Directors declared a cash dividend of $0.25 per share to holders of the 10% Series A Cumulative Perpetual Preferred Stock, and an earlier Form 8-K dated August 8, 2025 notes a partial cash dividend of $0.2250 per share, with specified record and payment dates.

The term “cumulative” in the security’s title, as disclosed by the company, indicates that unpaid dividends accrue, and the term “perpetual” indicates that the preferred stock does not have a stated maturity date, as described in company filings and press releases. The company’s communications also reference that, after the merger, holders of Star preferred stock would receive Hudson Global 10% Series A Cumulative Perpetual Preferred Stock with substantially similar terms as the prior Star preferred stock, as noted in the merger-related press releases and SEC filings.

Position Within the Combined Company

After the merger with Hudson Global, the preferred stock associated with STRRP represents an equity interest in the combined holding company structure. Public disclosures state that the combined company operates through four reporting segments: Building Solutions (KBS Builders, EdgeBuilder-Glenbrook, and Timber Technologies), Business Services (including Hudson Talent Solutions, formerly Hudson RPO), Energy Services (Alliance Drilling Tools), and Investments. These segments collectively generate the cash flows and assets that support the capital structure, including the 10% Series A Cumulative Perpetual Preferred Stock.

Press releases highlight activities such as modular building manufacturing and structural components in Building Solutions, global recruitment and talent solutions in Business Services, rental and servicing of downhole tools in Energy Services, and real estate and securities positions in the Investments division. The preferred stock sits above common equity in the capital structure and is referenced in multiple filings and announcements concerning dividends, merger consideration, and listing status.

Status as a Historical Star Equity Security

From a historical perspective, STRRP originally identified the Star Equity Holdings, Inc. 10% Series A Cumulative Perpetual Preferred Stock prior to the merger with Hudson Global. The 8-K filings, Form 25, and Form 15 document the transition from a standalone Star Equity issuer to a wholly owned subsidiary of Hudson Global and the subsequent delisting and deregistration of the original Star preferred stock. Later press releases describe the combined company operating under the Star Equity Holdings, Inc. name with preferred stock trading under the STRRP symbol, providing continuity for investors tracking this class of preferred equity over time.