Winfast’s new foray into the international market was officially kicked off when Winfast and Black Spade merged their businesses to list on the US Stock Exchange – Photo: DH
Vinfast shares on the American Stock Exchange
The shares and warrants of this company will start from August 15. transaction in progress Share Market Nasdaq Stock Market LLC. (Nasdaq), with code Roll Listed There are “VFS” and “VFSWW”.
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.
Ms. Le Thi Thu Thuy – General Director of Winfast Auto Pte. Ltd. – said that becoming a US listed company is an important milestone in Vinfast’s global growth journey.
These are not just transactions on the stock market, but also a recognition of Vinfast’s strong belief in its vision and potential, as well as its commitment to making electric vehicles smart, safe and secure. Eco-friendly becomes more accessible to everyone.
Details of the transaction were also described in Black Spade’s proxy statement (BSAQ) and WinFast’s prospectus in connection with the business combination, which was first filed with the US Securities and Exchange Commission on June 15.
VinFast is a subsidiary of Vingroup, which was established in 2017. VinFast transitions to fully electric vehicle production in 2022.
At present, Vinfast has successfully developed a comprehensive electric vehicle ecosystem, including electric SUVs (from minicars to 5 basic segments: ABCDE); Electric scooters and electric buses. Vinfast cars are sold in Vietnam, North America and soon Europe.
Vinfast has a modern car production facility in Hai Phong, Vietnam, with an automation rate of up to 90% and an annual production capacity of up to 300,000 vehicles in Phase 1.
