Streetbeat News

BSAQ

Black Spade Acquisition Co

Open

11.10

Mkt cap

221M

Volume

465K

High

11.76

P/E Ratio

40.19

52-wk high

22.80

Low

9.11

Div yield

N/A

52-wk low

9.11

Shares of Black Spade Acquisition (BSAQ) were halted on a circuit breaker due to a significant increase in the stock price, which is now up by 45.6%.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 5:01 pm

Shareholders have approved the SPAC merger between VinFast and BSAQ, with VinFast set to debut on Nasdaq next week. Following the announcement, BSAQ shares spiked higher.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 4:45 pm

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'.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 2:14 pm

The US IPO market has seen a 31.8% increase in offerings and a 125.5% jump in total proceeds to $9.8 billion in the first half of 2023, rebounding from a sluggish 2022. However, tech IPOs have lagged, with only 10 companies raising $100 million or more. The market is expected to see a resurgence in late 2023, with companies like VinFast, Panera, Stripe, Instacart, Reddit, and Discord potentially going public. The outlook remains cautious due to valuation disconnect and the typical weakness of IPOs in July and August.

Portfolio Pulse from Shanthi Rexaline

July 28, 2023 | 11:43 am

Black Spade Acquisition Co is transferring its listing from the NYSE to the NYSE American, citing more favorable thresholds for continued listing. The company will begin trading under its current symbols BSAQU, BSAQ, and BSAQWS on June 21, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 8:09 pm

Electric vehicle company VinFast filed Form F-4 to complete a merger with SPAC Black Spade Acquisition Co (NYSE:BSAQ) by July 20. VinFast reported a 49.2% YoY revenue decline to $83.54 million in Q1, attributing it to lower selling prices and a pivot to EVs. The pro forma equity valuation of VinFast is estimated to be ~$23 billion.

Portfolio Pulse from Akanksha Bakshi

June 16, 2023 | 1:12 pm

Vietnamese EV maker VinFast has introduced a new aftersales program offering financial support and service vouchers to customers experiencing vehicle issues. The policy is effective from June 15 and applies to the US, Canadian, and Vietnamese markets. VinFast recently announced a SPAC merger with Black Spade Acquisition Co (NYSE:BSAQ), valuing the company at $27 billion.

Portfolio Pulse from Anan Ashraf

June 15, 2023 | 5:36 am

Vietnamese EV maker VinFast is recalling 999 of its 2023 VF8 vehicles due to a software issue that may cause the multifunction head unit display to go blank, potentially increasing the risk of a crash. VinFast will release an over-the-air software update to fix the issue. The company recently announced a SPAC merger with Black Spade Acquisition Co (NYSE:BSAQ), valuing VinFast at $27 million.

Portfolio Pulse from Anan Ashraf

May 25, 2023 | 3:49 am

Vietnamese EV maker VinFast is set to commence delivery of its VF 8 SUV to customers in Canada in June, after receiving necessary certifications. The company recently announced a SPAC merger with Black Spade Acquisition Co (NYSE:BSAQ), valuing VinFast at $27 million.

Portfolio Pulse from Anan Ashraf

May 18, 2023 | 12:30 pm

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