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Friday, November 11, 2022

Equity Corporate Actions Alert #2022 - 341
Information Regarding the Business Combination of East Stone Acquisition Corporation (ESSC/R/W/U) & NWTN Inc.

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  • Industry Announcement

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The business combination of East Stone Acquisition Corporation (ESSC/R/W/U) & NWTN Inc. became effective today, November 11, 2022. As a result of the business combination, the Ordinary Shares, Rights, Warrant, and Units of East Stone Acquisition Corporation (ESSC/R/W/U) will be suspended from trading. The suspension details are as follows:

Company Name/Issue: East Stone Acquisition Corporation Ordinary Shares
CUSIP#: G2911D108
Symbol: ESSC
Last Trading Date: November 11, 2022
Marketplace Effective Date for Suspension: November 14, 2022
Merger Consideration: One (1) NWTN, Inc. Class B Ordinary Share (NWTN) for each ordinary share held.
Company Name/Issue: East Stone Acquisition Corporation Rights
CUSIP#: G2911D132
Symbol: ESSCR
Last Trading Date: November 11, 2022
Marketplace Effective Date for Suspension: November 14, 2022
Merger Consideration: One (1) Class B Ordinary Share of NWTN, Inc. (NWTN) for each ten (10) Rights held.
Company Name/Issue: East Stone Acquisition Corporation Warrant
CUSIP#: G2911D116
Symbol: ESSCW
Last Trading Date: November 11, 2022
Marketplace Effective Date for Suspension: November 14, 2022
Merger Consideration: One (1) NWTN, Inc. Warrant (NWTNW) expiring on 11/9/27 for each warrant held.
Company Name/Issue: East Stone Acquisition Corporation Unit
CUSIP#: G2911D124
Symbol: ESSCU
Last Trading Date: November 11, 2022
Marketplace Effective Date for Suspension: November 14, 2022
Merger Consideration: Unit will separate into its components.

As a result of the merger the combined company will be listed on the Nasdaq Capital Market. The details are as follows:

Company Name/Issue: NWTN Inc. Class B Ordinary Shares
CUSIP#: G6693P106
Symbol: NWTN
Marketplace Effective Date: November 14, 2022

Company Name/Issue: NWTN Inc. Warrant expiring 11/9/2027
CUSIP#: G6693P114
Symbol: NWTNW
Marketplace Effective Date: November 14, 2022

If you would like to register as a market maker in NWTN or NWTNW, contact Nasdaq Trading Services at +1 212 231 5100.


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