Hyperdrive
EV Maker VinFast to List on Nasdaq in Rare SPAC Venue Switch
- Vietnamese firm’s first day of trading planned for Aug. 15
- Company started North Carolina plant construction last month
A Vinfast VF e34 electric SUV.
Photographer: Maika Elan/BloombergThis article is for subscribers only.
Vietnam’s electric-vehicle maker VinFast Auto Ltd. plans to start trading on the Nasdaq next week after a NYSE American-listed special-purpose acquisition company approved their merger.
Black Spade Acquisition Co. shareholders on Thursday signed off on the combination with the manufacturer. VinFast expects to debut on the Nasdaq on or around Aug. 15 under the symbol VFS. The deal values the company at about $23 billion, a statement last month showed.