VinFast has leaped over its final hurdle, a formality on the very least, to finalize its SPAC Merger with Black Spade Acquisition Firm and checklist on the Nasdaq inventory market. All is formally full, enabling VinFast’s new ticker symbols to start scrolling tomorrow.

Right this moment’s information comes simply days after shareholders of Black Spade Acquisition Firm ($BSAQ) voted overwhelmingly in supported of a beforehand proposed SPAC Merger with VinFast to checklist on the Nasdaq. Final week’s vote was a significant milestone in a two-plus yr journey of the Vietnamese EV automaker turning into a publicly traded firm within the US – vowing to take action earlier than we even acquired a glimpse at its first all-electric fashions.

Since submitting the preliminary paperwork with the SEC this previous December, VinFast has been working alongside new accomplice Blade Spade to get a SPAC merger accepted, paving the way in which for tomorrow’s public itemizing.

Shareholders have accepted and the enterprise mixture is now official, leaving nothing else however to affix the US inventory market as “VFS” and “VFSWW.”

VinFast will start buying and selling beneath inventory ticker “VFS”

Starting August 15, VinFast will start buying and selling on the Nasdaq beneath the ticker symbols talked about above. with the accepted enterprise mixture now full, Blade Spade now turns into a wholly-owned subsidiary of VinFast and will likely be delisted from the NYSE consequently.

VinFast’s international CEO Madame Thuy Le spoke to the finished merger and the corporate’s long-fought for public inventory itemizing:

Turning into a US-listed firm marks a major milestone in VinFast’s international enlargement. Greater than only a transaction on the inventory market, going public displays a strong vote of confidence in our imaginative and prescient and potential, in addition to fulfills our pledge to make sensible, protected, and environmentally pleasant electrical autos accessible to everybody. I sincerely recognize the fantastic collaboration with Black Spade as our revered companions who’re becoming a member of us in our ‘boundless collectively’ journey in the direction of a greener future for us and future generations.

That’s all for now. We must wait and see how the market feels in regards to the SPAC merger when it opens tomorrow.