Representatives from Winfast and Black Spade. Photo: DH
Accordingly, VinFast’s common shares and warrants will begin trading on the Nasdaq Stock Market LLC. (“Nasdaq”) as of August 15, with the transaction codes “VFS” and “VFSWW”, respectively. The listed company after the merger is named Vinfast Auto Limited.
The announcement of the completion of the business combination comes after Black Spade shareholders voted on August 10 to approve the transaction.
Following the merger, Black Spade has become a wholly owned subsidiary of Winfast Auto Ltd., and is expected to be delisted from the NYSE American LLC exchange.
Sharing about the milestone of becoming a listed company through business merger with Black Spade, Ms. Le Thi Thu Thuy, General Director of Winfast Auto Pte. Ltd. said that becoming a listed company in the US is an important milestone in the Vietnamese car company’s global growth journey.
“These are not just stock market transactions, but also a testament to our strong belief in our vision and potential, and in fulfilling our commitment to making electric vehicles smarter, safer and more environmentally friendly, more accessible to everyone.” Is.
I acknowledge Black Spade’s great collaboration with key Winfast partners for a journey to break all boundaries as well as move forward towards a greener future for us and generations to come,” Ms. Thuy said.
According to Dennis Tam, President and CEO of Black Spade Acquisition Company, the listing on Nasdaq will support Winfast’s global strategy through the opportunity to access larger capital markets.
“We are pleased to announce the completion of a business combination with Vinfast, a company with outstanding growth and scalability in the electric vehicle industry. Vinfast has successfully developed a range of electric vehicles. Smart, safe and eco-friendly electric vehicles .
We are confident that Winfast will uphold its commitment to bring high quality products along with excellent after sales service. Sharing a common goal of creating a better future through innovation, we look forward to partnering with Vinfast to take sustainable mobility to new heights,” shared Mr. Dennis Tam.
Additional information about the business combination, including a copy of the result of the merger approval, will be is provided in the current report on Form 8-K filed by BSAQ with the U.S. Securities and Exchange Commission (“SEC”) on May 12 at www.sec.gov.
Black Spade is a company formed for the purpose of conducting a business combination with a target company (Special Purpose Acquisition Company (SPAC)). The company, founded by Black Spade Capital, currently operates a portfolio that includes a number of cross-border investments. Learn more here: https://www.blackspadeacquisitions.com/.
description of transaction Above Connection with the business combination will also be described in the BSAQ proxy statement and WINFAST prospectus, which was first filed with the U.S. Securities and Exchange Commission on October 15th.,6.
