Vietnamese EV Maker VinFast Wraps Up SPAC Merger, Ready For Nasdaq Debut On Aug 15
Portfolio Pulse from Benzinga Neuro
Vietnamese EV maker VinFast has completed its SPAC merger with Black Spade Acquisition Company and will start trading on the Nasdaq on August 15. The merger was approved by Black Spade Acquisition Company shareholders, marking the end of a two-year journey for VinFast to become a publicly traded company in the US. Post-merger, Black Spade becomes a wholly-owned subsidiary of VinFast and will be delisted from the NYSE.
August 15, 2023 | 3:07 am
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Black Spade Acquisition Company will become a wholly-owned subsidiary of VinFast and will be delisted from the NYSE.
The delisting of Black Spade Acquisition Company from the NYSE following the merger could lead to a negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
VinFast, now a publicly traded company, will start trading on the Nasdaq on August 15 as VFS.
The successful completion of the SPAC merger and the upcoming Nasdaq listing could potentially increase investor interest in VinFast, leading to a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100