VinFast Auto Ltd. and Black Spade Acquisition today announced that their business combination was approved today by the SPAC’s shareholders. The deal is expected to close Aug. 14. VinFast is a Vietnam-based EV maker.
The business combination values VinFast at an enterprise value of $27 billion and an equity value of $23 billion.
No word on redemptions, if any, and the SPAC has not yet filed an 8-K outlining to vote results.
VinFast shares and warrants are expected to begin trading on the Nasdaq under the new ticker symbols VFS and VFSWW on Aug. 15. Read more.
