secwatch.observer — SEC 8-K summary
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Issuer:     East Stone Acquisition Corp (—)
CIK:        0001760683
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001213900-22-072648
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 3.01, 3.02, 3.03, 5.01, 5.02, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

East Stone and NWTN close business combination; NWTN begins trading on Nasdaq Nov 14
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- Shareholders approved business combination at Nov 10 special meeting; transaction closed Nov 11, 2022.
- PIPE investors subscribed for 38,986,355 Pubco Class B shares at $10.26/share, gross proceeds $400 million.
- Shareholders redeemed 2,027,790 shares for ~$10.39/share, totaling $21.1 million.
- Combined company to trade as NWTN (Class B shares and warrants) on Nasdaq starting Nov 14.
- Alan Nan Wu appointed sole director of East Stone post-closing; Lu and Cashel join NWTN board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1760683/000121390022072648/0001213900-22-072648-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1760683/000121390022072648/ea168571-8k_eaststoneacq.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-072648

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer