Black Spade Acquisition Co shares are trading higher after the company and VinFast announced shareholder approval of their combination, which is expected to close in August 14.
Portfolio Pulse from Benzinga Newsdesk
Black Spade Acquisition Co (BSAQ) and VinFast have announced that their shareholders have approved their merger, which is expected to close on August 14. This news has led to an increase in BSAQ's share price.
August 10, 2023 | 6:24 pm
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POSITIVE IMPACT
The approval of the merger between BSAQ and VinFast has led to an increase in BSAQ's share price. The deal is expected to close on August 14.
The news of the merger approval has directly impacted BSAQ's share price, causing it to rise. As the deal is expected to close soon, this could continue to positively affect the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100