VinFast's SPAC Merger and Nasdaq Listing Approved by Shareholders
VinFast, the Vietnamese automaker, has received shareholder approval from Black Spade for its SPAC merger, paving the way for its debut on the Nasdaq next week. The merger is expected to close on August 14, 2023, with VinFast's new ticker symbols being "VFS" and "VFSWW". The approval demonstrates confidence in the partnership between VinFast and Black Spade, and the automaker is eager to take advantage of the opportunities that the collaboration will bring. VinFast recently started construction on its first US production facility and aims to expand to new global markets.