Black Spade Acquisition Co Announces Intention To Voluntarily Delist From NYSE American LLC, Conditional Upon Consummation Of Its Pending Business Combination With VinFast Auto Ltd.
Portfolio Pulse from Happy Mohamed
Black Spade Acquisition Co has announced its intention to voluntarily delist from NYSE American LLC, conditional upon the consummation of its pending business combination with VinFast Auto Ltd. Post the business combination, the company will become a wholly owned subsidiary of VinFast, and VinFast's ordinary shares and warrants are expected to be traded on the Nasdaq Stock Market LLC. Trading of VinFast's ordinary shares and warrants is expected to begin on Nasdaq around August 15, 2023, under the symbols 'VFS' and 'VFSWW'.
August 10, 2023 | 2:14 pm
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Black Spade Acquisition Co's decision to delist from NYSE American LLC is linked to its pending business combination with VinFast Auto Ltd. Post the combination, it will become a wholly owned subsidiary of VinFast, and VinFast's shares and warrants are expected to be traded on Nasdaq.
The news of Black Spade Acquisition Co's voluntary delisting from NYSE American LLC and the subsequent listing of VinFast's shares and warrants on Nasdaq is directly related to the company. However, the impact on the stock price is uncertain as it depends on the success of the business combination with VinFast Auto Ltd and the market's reaction to the new listings on Nasdaq.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100