---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-234097"
form_type: "8-K"
ticker: "HNNA"
cik: "0001145255"
company_name: "HENNESSY ADVISORS INC"
filed_at: "2022-08-30T23:59:59+00:00"
generated_at: "2026-06-23T19:13:35.725746+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Hennessy Advisors signs agreement to add $40M Stance ESG ETF, expanding into ETFs

## Summary
- Signed definitive agreement with Stance Capital to manage Stance Equity ESG Large Cap Core ETF (NYSE: STNC) with ~$40M in assets.
- Transaction expected to close in Q4 2022; Stance ETF will become series of Hennessy Funds Trust named Hennessy Stance ESG Large Cap ETF.
- Stance Capital will remain sub-advisor; portfolio managers Bill Davis and Kyle Balkissoon to continue day-to-day management.
- Subject to customary closing conditions, including SEC exemptive order, board and shareholder approvals; structured as tax-free reorganization.

## SEC filing metadata
- accession: 0001193125-22-234097
- form_type: 8-K
- ticker: HNNA
- cik: 0001145255
- company_name: HENNESSY ADVISORS INC
- filed_at: 2022-08-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1145255/000119312522234097/0001193125-22-234097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1145255/000119312522234097/d387649d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-234097
- JSON: https://secwatch.observer/filing/0001193125-22-234097.json
- Plain text: https://secwatch.observer/filing/0001193125-22-234097.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.