VinFast is targeting a US public listing in August by completing a merger with a blank-check company valuing the Vietnamese carmaker at $23 billion.
The US Securities and Exchange Commission has declared VinFast’s registration statement effective for a proposed combination with Black Spade Acquisition Co., the electric-car maker said Friday in a statement. Shareholders of Black Spade will vote on the transaction on Aug. 10, setting the stage for VinFast to start trading within days.
Bloomberg reported earlier this month that VinFast plans to list its shares on the Nasdaq Global Select Market during the third quarter, citing a person familiar with the matter. The company’s statement didn’t give a specific listing date or venue.
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