Vietnam EV maker VinFast to list in the U.S. in August after regulator nod
2023.07.28 11:10
© Reuters. VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, California, U.S., March 1, 2023. REUTERS/Lisa Baertlein/File photo
HANOI (Reuters) -Vietnamese electric vehicle maker VinFast said on Friday it is planning to list in the United States next month via a blank-cheque company after the Securities and Exchange Commission (SEC) gave the go ahead to its proposed business combination.
VinFast, a unit of Vietnam’s biggest conglomerate Vingroup, announced in May it would go public through a merger with special purpose acquisition company (SPAC) Black Spade Acquisition Co.
VinFast and Black Spade aim to complete the merger by August, they said in a joint statement.
“The declaration of the SEC effectiveness is a significant step towards the successful completion of the business combination between Black Spade and VinFast,” Dennis Tam, Chairman and Co-CEO of Black Spade Acquisition Co said.
Black Spade is set to hold an extraordinary shareholder meeting to approve the proposed business combination with VinFast, the joint statement said.
