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SPAC · Merger completed

East Stone Acquisition Corp

Business combination with ICONIQ Holding Limited

East Stone Acquisition Corp is a blank-check company (SPAC) that completed its initial public offering on Feb 21, 2020, listing on Nasdaq Capital Market. It completed its business combination with ICONIQ Holding Limited on Nov 11, 2022; the combined company is NWTN Inc. (NWTN). Ellenoff Grossman & Schole advised the SPAC and Schiff Hardin advised the underwriters on the IPO.

ICONIQ Holding Limited, referred to as NWTN, is a smart electric vehicle company with offices in Burlington, Massachusetts and Dubai. It agreed a business combination with East Stone Acquisition Corporation in April 2022.

Status
Merger completed
IPO date
Feb 21, 2020
IPO exchange
Nasdaq Capital Market
Target
ICONIQ Holding Limited
Announced
Apr 21, 2022
Closed
Nov 11, 2022
Combined company
NWTN Inc. (NWTN)
SPAC counsel (IPO)
Ellenoff Grossman & Schole and Ogier
Underwriters' counsel (IPO)
Schiff Hardin

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