East Stone Acquisition Corporation
ESSCW
NASDAQ Capital Market0.13
USD
+0.04
- -
CIK
0001760683
Return %
Stock
S&P500
1Y
-54.96
26.84
3Y
152.20
77.03
5Y
152.20
80.55
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.- CEO
- None
- 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 (Nasdaq: ESSCW) operates as a blank check company whose warrants entitle holders to acquire shares of Robo.ai Inc., the entity formed through East Stone's 2022 reverse merger business combination with ICONIQ Holding Limited (dba NWTN Inc.), an exempted Cayman Islands company focused on smart mobility solutions; the underlying securities include ordinary shares, rights, warrants, and units originally listed under symbols ESSC, ESSCR, ESSCW, and ESSCU prior to the transaction closing on November 11, 2022. Incorporated in 2018 as a British Virgin Islands business company and headquartered in Burlington, Massachusetts, East Stone targets mergers, capital stock exchanges, asset acquisitions, or similar combinations primarily with financial services firms or fintech providers in North America and Asia-Pacific, though its sole executed deal shifted to the electric vehicle and advanced mobility sector. The business combination generated approximately $400 million in gross proceeds from PIPE investments by institutional and strategic partners, supporting NWTN's (now Robo.ai) expansion in green premium mobility, eVTOL aircraft, autonomous technologies, and AI-driven ecosystems. In recent developments, Robo.ai Inc. rebranded from NWTN Inc. effective August 26, 2025, with its common stock transitioning to ticker AIIO on Nasdaq to reflect a pivot toward integrated AI robotics platforms encompassing smart vehicles, eVTOL distribution under the RoVtol brand, unified AI operating systems, and decentralized networks aligned with UAE's "We the UAE 2031" innovation vision; additionally, on September 6, 2025, it entered a cooperation agreement with EVT Aerotechnics to form a UAE-based joint venture for global eVTOL sales, manufacturing, and localized development, where Robo.ai holds a 51% stake. ESSCW warrants, exercisable for one-half of an ordinary share at $11.50 per whole share and maturing November 11, 2027, continue trading as legacy instruments tied to this post-merger entity operating from Dubai Silicon Oasis in the UAE with global ambitions in the Middle East, North Africa, Southeast Asia, and Europe.