Ticker Launch

SPAC · Merger completed

Black Spade Acquisition Co

Business combination with VinFast Auto Ltd.

Black Spade Acquisition Co is a blank-check company (SPAC) that raised $150M in its initial public offering on Jul 16, 2021, listing on New York Stock Exchange. It completed its business combination with VinFast Auto Ltd. on Aug 14, 2023; the combined company is VinFast Auto Ltd. (VFS). Citigroup led the IPO, with Loop Capital. Davis Polk advised the SPAC and A&O Shearman advised the underwriters on the IPO.

VinFast Auto Ltd. is a Vietnamese automotive manufacturer and a member of Vingroup. It makes and exports electric SUVs, e-scooters and e-buses, selling across Vietnam and the United States, with Europe planned.

Status
Merger completed
IPO date
Jul 16, 2021
IPO size
$150M
IPO exchange
New York Stock Exchange
Target
VinFast Auto Ltd.
Announced
May 12, 2023
Closed
Aug 14, 2023
Combined company
VinFast Auto Ltd. (VFS)
IPO underwriters
Citigroup and Loop Capital
SPAC counsel (IPO)
Davis Polk and Appleby
Underwriters' counsel (IPO)
A&O Shearman

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