Associated tags: Special-purpose acquisition company, Security (finance), NYSE, EV, NYSE American, VinFast, Cryptocurrency, Black Spades, Sumathi Best Television Current Reporting Award, Form, Form F-4, VinFast VF e34, Movement, EVS, Automation
Locations: NORTH AMERICA, VIETNAM, EUROPE, HONG KONG, NEW YORK
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Bangladesh Securities and Exchange Commission,
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Sumathi Best Television Current Reporting Award,
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VinFast HONG KONG, Aug 15, 2023 - (ACN Newswire) - VinFast Auto Ltd. ("VinFast") and Black Spade Acquisition Co (NYSE: BSAQ) ("Black Spade") today announced the completion of their previously announced business combination (the "Business Combination").
Key Points:
- HONG KONG, Aug 15, 2023 - (ACN Newswire) - VinFast Auto Ltd. ("VinFast") and Black Spade Acquisition Co (NYSE: BSAQ) ("Black Spade") today announced the completion of their previously announced business combination (the "Business Combination").
- The announcement of the completion of the Business Combination comes after Black Spade's shareholders voted to approve the transaction on August 10, 2023.
- As a result of the Business Combination, Black Spade became a wholly owned subsidiary of VinFast and is expected to be delisted from the NYSE American LLC.
- Mr. Dennis Tam, Chairman and Co-CEO, Black Spade Acquisition Co, shared, "We are very pleased to announce the successful completion of the Business Combination with VinFast, an exceptionally fast-growing and scalable company in the electric vehicle ("EV") sector.
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Automation,
Cryptocurrency,
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VinFast Ltd. ("VinFast" or "the Company") and Black Spade Acquisition Co (NYSE: BSAQ) ("Black Spade") announced that the U.S. Securities and Exchange Commission ("the SEC") has declared effective the registration statement on Form F-4 of VinFast in connection with its proposed business combination with Black Spade.
Key Points:
- Ltd. ("VinFast" or "the Company") and Black Spade Acquisition Co (NYSE: BSAQ) ("Black Spade") announced that the U.S. Securities and Exchange Commission ("the SEC") has declared effective the registration statement on Form F-4 of VinFast in connection with its proposed business combination with Black Spade.
- Black Spade has scheduled the Extraordinary General Meeting of Shareholders ("EGM") to approve the proposed business combination with VinFast to be held on August 10, 2023.
- The business combination values VinFast at an enterprise value of US$27 billion and an equity value of US$23 billion.
- Additional information about the proposed transaction, including a copy of the business combination agreement, is available in Black Spade's Current Report on Form 8-K, filed on May 12, 2023 with the Securities and Exchange Commission ("SEC") at www.sec.gov.
HONG KONG, June 16, 2023 /PRNewswire/ -- Black Spade Acquisition Co (the "Company") today announced it is transferring the listing of its units, Class A ordinary shares and warrants to the NYSE American LLC ("NYSE American") from the New York Stock Exchange LLC ("NYSE").
Key Points:
- HONG KONG, June 16, 2023 /PRNewswire/ -- Black Spade Acquisition Co (the "Company") today announced it is transferring the listing of its units, Class A ordinary shares and warrants to the NYSE American LLC ("NYSE American") from the New York Stock Exchange LLC ("NYSE").
- The decision to transfer to the NYSE American was motivated by several factors, including more favorable thresholds for continued listing on the NYSE American following potential redemptions of the Company's Class A ordinary shares in connection with the vote to extend the deadline by which the Company must complete its initial business combination.
- The Company expects to begin trading under its current symbols "BSAQU," "BSAQ" and "BSAQWS" for its units, Class A ordinary shares and warrants, respectively, at the open of trading on NYSE American on June 21, 2023.
- The Company will continue to trade on the NYSE until the close of trading on June 20, 2023, and will be delisted from the NYSE in connection with the listing on NYSE American.
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Black Spades,
Vingroup,
VinFast Ltd. ("VinFast" or "the Company"), and Black Spade Acquisition Co (NYSE: BSAQ) ("Black Spade") announced today that they have entered into a business combination agreement.
Key Points:
- Ltd. ("VinFast" or "the Company"), and Black Spade Acquisition Co (NYSE: BSAQ) ("Black Spade") announced today that they have entered into a business combination agreement.
- After the transaction, VinFast will have an equity value of over US$23 billion and be listed in the U.S.
- The business combination values VinFast at an enterprise value of approximately US$27 billion and an equity value of US$23 billion, not including cash from BSAQ's approximately US$169 million of cash in trust (assuming no Black Spade shareholders elect to have their Black Spade shares redeemed for cash as permitted).
- The partnership with Black Spade and listing of VinFast in the U.S. represents the perfect capital raising avenue for our future global ambitions and is also an important accomplishment for Vingroup."
