Business

VinFast and Black Spade complete Business Combination

Vietnamese automaker VinFast Auto Ltd and Black Spade Acquisition Co announced on August 14 the completion of their previously announced “Business Combination”.
VinFast and Black Spade complete Business Combination ảnh 1Illustrative image (Photo: Internet)
Hanoi (VNS/VNA) - Vietnamese automaker VinFast Auto Ltd and Black SpadeAcquisition Co announced on August 14 the completion of their previouslyannounced “Business Combination”.

The listed company following the Business Combination is VinFastAuto Ltd., and its shares and warrants will commence trading on the NasdaqStock Market LLC (“Nasdaq”) under the ticker symbols “VFS” and “VFSWW,”respectively, on August 15, 2023.

The announcement of the completion of the Business Combinationcomes after Black Spade’s shareholders voted to approve the transaction onAugust 10, 2023. As a result of the Business Combination, Black Spade became awholly-owned subsidiary of VinFast and is expected to be delisted from the NYSEAmerican LLC.

Additional information about the transaction, including a copy ofthe business combination agreement, is available in Black Spade’s CurrentReport on Form 8-K, filed on May 12, 2023 with the Securitiesand Exchange Commission (“SEC”) at www.sec.gov.

More information about the transaction is available in VinFast’sregistration statement on Form F-4 which includes BSAQ’s proxy statement andVinFast’s prospectus in relation to the business combination, which was firstfiled with the SEC on June 15, 2023./.
VNA
#Vietnamese automaker VinFast Auto Ltd#Vietnamplus#Vietnam News Agency#Black Spade Acquisition Co#Business Combination#wholly-owned subsidiary
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