Stockwinners Market Radar for April 17, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

19:50 EDT DiDi to hold shareholder meeting on May 23 to vote on U.S. delisting plans - DiDi Global announced that it will hold an extraordinary general meeting of shareholder on May 23, 2022 at 7:00 p.m., Beijing Time, or 7:00 a.m. Eastern Time. The company is in full cooperation with the cybersecurity review in China. After prudent consideration by the board of directors of the company, the Board has authorized the company to organize a shareholders meeting to vote on the voluntary delisting of the company's American Depositary Shares from the New York Stock Exchange as soon as practicable, and that in order to better cooperate with the cybersecurity review and rectification measures, the company will not apply for listing of its shares on any other stock exchange before completion of the Delisting. After the Delisting is completed, whether the company's ADSs and/or ordinary shares may trade on OTC Pink Sheets will depend on shareholders' and independent third-parties' actions, without the company's involvement.

16:08 EDT East Stone Acquisition announces business combination with ICONIQ Holding - East Stone Acquisition, a publicly traded special purpose acquisition company, and ICONIQ Holding announced that they have entered into a definitive Business Combination Agreement. Upon consummation of the two mergers and the other transaction contemplated by the Business Combination Agreement, NWTN, Inc., a newly formed subsidiary will seek to be listed on the Nasdaq Stock Market. The outstanding shares of NWTN and East Stone will be converted into the right to receive shares of the Pubco. The transaction represents a post-combination valuation of $2.5 billion for NWTN upon closing, subject to adjustment. The boards of directors or similar governing bodies of NWTN and East Stone have approved the proposed Business Combination, subject to, among other things, the approval by East Stone's shareholders of the proposed Business Combination, satisfaction of the conditions stated in the Business Combination Agreement and other customary closing conditions, including that the U.S. Securities and Exchange Commission completes its review of the proxy statement/prospectus relating to the proposed Business Combination, the receipt of certain regulatory approvals, and approval by The Nasdaq Stock Market to list the securities of Pubco. NWTN's Founder and Chairman, Alan Wu, is expected to continue to lead Pubco after the closing of the Business Combination. Prior to the execution of this business combination agreement, East Stone has terminated its previously announced business combination agreement with JHD Holdings Limited.