VinFast Auto and Black Spade Acquisition announced the completion of their previously announced business merger. The announcement of the completion of the merger comes after Black Spade’s shareholders voted to approve the transaction on August 10, 2023. As a result of the merger, Black Spade became a wholly owned subsidiary of VinFast and is expected to be delisted from the NYSE.
“Becoming a U.S-listed company marks a significant milestone in VinFast’s global expansion,” Madame Thuy Le, global CEO of VinFast Auto, said. “More than just transaction on the stock market, going public reflects a powerful vote of confidence in our vision and potential, as well as fulfills our pledge to make smart, safe and environmentally friendly electric vehicles accessible to everyone.”