The merger agreement between VinFast and Black Spade Acquisition Co is expected to close in the second half of 2023 car auto cars
in the past few years, but enthusiasm has waned and share prices have plummeted. While following in the footsteps of Lordstown and Faraday Future doesn’t sound ideal, that’s exactly what VinFast wants to do.
However, they’re hoping for greater success and have entered into a “business combination agreement” with Black Spade Acquisition Co. The transaction is expected to close in the second half of 2023 and will valueIn a Form 8-K filing with the U.S. Securities and Exchange Commission, the companies said each ordinary share in VinFast will have a value of $10.00 . The filing also noted employees of the automaker could be in for a big bonus if certain conditions are met.
We’ll likely learn more details closer to the merger date, but Black Spade Acquisition Co trades on the New York Stock Exchange under the BSAQ symbol. It’s currently valued at $10.36 per share as of this writing.In a statement, VinFast Auto CEO Madame Thuy Le said, “VinFast has already demonstrated the ability to quickly reach international markets. The partnership with Black Spade and listing of VinFast in the U.S.
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