secwatch.observer — SEC 8-K summary
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Issuer:     HENNESSY ADVISORS INC (HNNA)
CIK:        0001145255
Form:       8-K
Filed at:   2022-08-30T23:59:59+00:00
Accession:  0001193125-22-234097
Event type: m_and_a
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1145255/000119312522234097/0001193125-22-234097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1145255/000119312522234097/d387649d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-234097

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