This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ6R0PI_L.jpg
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 targeted completion of 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, Black Spade Acquisition Co said.
Black Spade is slated to hold an extraordinary shareholder meeting to approve the proposed business combination with VinFast, according to the joint statement.
