Welcome to our dedicated page for Eventide Small Cap ETF news (Ticker: ESSC), a resource for investors and traders seeking the latest updates and insights on Eventide Small Cap ETF stock.
The news feed for Eventide Small Cap ETF (ESSC) brings together announcements and updates that reference this NYSE Arca-traded exchange-traded fund and the historical use of the ESSC ticker. ESSC is described by Eventide Asset Management, LLC as the Eventide Small Cap ETF, one of its systematic ETFs that apply the firm’s Business 360® values-based investment methodology while seeking small-cap market exposure.
News related to ESSC from Eventide focuses on the launch of the fund alongside the Eventide Large Cap Growth ETF (ESLG) and Eventide Large Cap Value ETF (ESLV). These announcements explain how Eventide’s systematic ETFs are designed to combine a passive-style, benchmark-aware approach with active security selection based on the Business 360® framework. Coverage may highlight the fund’s benchmark, the Bloomberg US 2000 Total Return Index, and describe how Eventide evaluates companies’ products and business practices to form its investable universe.
Because the ESSC symbol has also been associated with East Stone Acquisition Corporation, a special purpose acquisition company, the news stream can also include historical items about East Stone. Those items discuss East Stone’s role as a blank check company, its stated purpose of pursuing a business combination, and its announced transaction involving ICONIQ Holding Limited and a new holding company named NWTN Inc.
Investors and researchers can use this news page to review official press releases, transaction announcements, and other public communications tied to the ESSC ticker over time. By reading these items together, users can see how ESSC’s meaning in the market has evolved from a SPAC-related symbol to its current role as the Eventide Small Cap ETF, as described in Eventide’s launch materials.
Eventide Asset Management has launched three new systematic ETFs trading on NYSE Arca: the Eventide Large Cap Growth ETF (ESLG), Eventide Large Cap Value ETF (ESLV), and Eventide Small Cap ETF (ESSC). These ETFs utilize Eventide's proprietary Business 360® methodology, combining faith-based values with passive investment benefits in an active strategy.
The ETFs are managed by Chris Grogan, CFA and Tyler Frugia, tracking different benchmarks: ESLG follows the Bloomberg US 1000 Growth Total Return Index, ESLV tracks the Bloomberg US 1000 Value Total Return Index, and ESSC aligns with the Bloomberg US 2000 Total Return Index. The funds aim to optimize portfolios while maintaining alignment with benchmark factors like beta, style, and sector exposure.
East Stone Acquisition Corporation (Nasdaq: ESSC) adjourned its special shareholder meeting initially set for November 7, 2022, to 3:00 p.m. ET on November 8, 2022. This meeting will address shareholder votes on the proposed business combination with NWTN Inc.. As of the redemption deadline on November 3, 2022, East Stone recorded redemption requests for 3,111,717 ordinary shares, which accounts for approximately 95.98% of its publicly held shares. Shareholders are encouraged to review the upcoming definitive proxy statement regarding these significant transactions.
East Stone Acquisition Corporation (Nasdaq: ESSC) has filed a merger proxy statement with the SEC to proceed with its business combination with NWTN Inc., a smart electric vehicle company. The special meeting for shareholders is scheduled for November 7, 2022, at 9:00 AM Eastern Time. Shareholders as of October 4, 2022 are eligible to vote. CEO Xiaoma Lu expressed confidence in the merger, citing NWTN's vision for the automobile industry. Shareholders must request share redemptions by November 3, 2022. The merger could significantly impact the future of electric vehicle innovation.
On April 15, 2022, East Stone Acquisition Corporation announced a Business Combination Agreement with ICONIQ Holding Limited to create NWTN Inc., valuing the new entity at $2.5 billion. Subsequent private placements, the April PIPE and June PIPE, each raised $200 million for NWTN. The company aims to innovate in smart electric vehicles, focusing on design, IoT connectivity, and autonomous features. The completion of the Business Combination is subject to regulatory approvals and other customary closing conditions.
FAQ
What is the current stock price of Eventide Small Cap ETF (ESSC)?
