East Stone Acquisition Corporation
ESSCR
NASDAQ Capital Market0.60
USD
+0.02
- -
CIK
0001760683
Return %
Stock
S&P500
1Y
46.32
18.21
3Y
399.92
64.38
5Y
399.92
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- United States of America
- IPO Date
- Mar 17, 2020
- CIK
- 0001760683
- Similar Companies
- Business
- East Stone Acquisition Corporation East Stone Acquisition Corporation (ESSCR) operates as a blank check company, or special purpose acquisition company (SPAC), incorporated in 2018 as a British Virgin Islands business company with headquarters in Burlington, Massachusetts; it has no significant operations and intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more operating businesses or assets, focusing primarily on targets in the financial services industry or businesses providing technological services to the financial sector in North America and the Asia-Pacific region. The company does not manufacture or sell products but holds cash in trust for deployment in a qualifying de-SPAC transaction; its securities include Class A ordinary shares, rights, warrants, and units traded under tickers ESSC, ESSCR, ESSCW, and ESSCU prior to post-merger adjustments. In November 2022, East Stone Acquisition Corporation completed a reverse merger business combination with NWTN Inc. (formerly ICONIQ Holding Limited), an eco-conscious mobility technology company developing passenger-centric green premium electric vehicles featuring modular pure electric platforms, battery management technology, digital connectivity systems, electric architecture, and autonomous driving capabilities; the combined entity retained the NWTN name, with NWTN Class A ordinary shares and warrants trading on Nasdaq under NWTN and NWTNW, respectively, while East Stone's outstanding warrants converted into NWTN warrants and generated approximately $400 million in gross proceeds from PIPE investments by institutional investors and strategic partners. Following the merger closing on November 11, 2022, East Stone's securities faced suspension and potential delisting, with ESSCR rights marked as potentially delisted but continuing limited over-the-counter trading as of late 2025 at approximately $0.60; no subsequent mergers, acquisitions, funding rounds, product launches, or major operational shifts have been reported for East Stone Acquisition Corporation itself since the NWTN transaction.