th January 2021 and was filed on 11 th November 2020. The transfer includes trademarks, logo, and the Essential brand which are now to be owned by Nothing. Although, as a company, Essential was not very successful, it became a unicorn, receiving a company valuation of over $1 billion before selling a single product. Before its downfall, the company had released its Essential PH-1 handset and was planning to launch the PH-2 and PH-3 models along with an ultra-thin handset. Carl Pei is mum lipped about the ventures of his new startup. So, we cannot guess whether it will work out or whether it will have an Essential-like fate.