Black Spade Acquisition Co (BSAQ) News

New ticker VFS after merge

New board here: https://investorshub.advfn.com/VinFast-Auto-Ltd-VFS-42344

Aug 14 2023 (BSAQ) SEC Filing 8-K Material Event

On August 15, 2023, VinFast Ordinary Shares and VinFast Warrants will commence trading on the Nasdaq Stock Market LLC (“Nasdaq”) under the symbols “VFS” and “VFSWW”, respectively.

https://last10k.com/sec-filings/BSAQ/0001193125-23-212387.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=8K&utm_term=BSAQ

BSAQ.....closed short 20.43 @ 10.35 Nearly a 100% ROI in 4 days!

people are bashing Vinfast cars for all sorts of things... but I rarely take anything on youtube seriously. all they do is go for views.

JD Power already rated them dependable and fewest problems in first 100 cars within 90 days of buying.

...or maybe i should just test drive one myself.

MEGA Youtube CRAZZ...this month,,,type VinFast in search bar

ProLogium Technology is a Taiwanese solid-state battery developer and manufacturer.

....Both Mercedes-Benz and VinFast own a portion of ProLogium. As of May 2023 ProLogium had raised US$700 million from investors In return for their significant investment Mercedes-Benz received a seat on ProLogium's board of directors

https://en.wikipedia.org/wiki/ProLogium

https://vinfastauto.us/newsroom

VinFast partners with and invests in Prologium for solid-state batteries development

July 07, 2022
https://vinfastauto.us/newsroom/press-release/vinfast-partners-with-and-invests-in-prologium-for-solid-state-batteries

Cant wait...

Hopefully this puts Rivian and Lucid in their place.

Tesla can also eat my balls.

....When the VinFast SPAC begins trading next week, it is likely to make a splash. Investors should pay close attention.

VinFast SPAC Alert: When Will VFS Stock Start Trading?

The next EV breakout stock is gearing up to hit the Nasdaq
https://investorplace.com/2023/08/vinfast-spac-alert-when-will-vfs-stock-start-trading/

Nice factory pic... VinFast Is Going All-Electric, and Worldwide, at Full Speed

...On a tour of VinFast’s Hai Phong factory,...

... frames being welded by some 1200 robots,...

Apr 27, 2022
https://www.caranddriver.com/features/a39816283/vinfast-update-factory-tour-vf8-prototype-drive/

I've invested in Lucid and Rivian, but feel they lose out on the mid range market.

Vinfast VF 9 is up there at $84,000... But the VF 8 & 7 are on par with what I expect everyday customers can afford.

It's great to have high end vehicles, and I think Vinfast has the right idea going for a broader market, especially the lucrative everyday purpose car.

2023 VinFast VF8 ---- Starting at $47,200

https://www.caranddriver.com/vinfast/vf8

2024 VinFast VF6 ---- Starting at $30,000 est

https://www.caranddriver.com/vinfast/vf6

2024 VinFast VF7 ----- Starting at $37,000 est
https://www.caranddriver.com/vinfast/vf7

https://www.caranddriver.com/vinfast

there will be a ticker change once Vinfast takes over, So, then we should start a new board with the ticker change.

GLTA

I'll mod

Day's Range 10.35 - 22.80

no time for it. working overtime to get by.

VINFAST Merg In Aug 15
https://finance.yahoo.com/news/black-spade-acquisition-co-announces-141000097.html

VINFAST AND BLACK SPADE ACQUISITION CO ANNOUNCE APPROVAL OF BUSINESS COMBINATION BY BLACK SPADE'S SHAREHOLDERS

Day's Range 10.35 - 22.80

August 10, 2023 18.10+7.41 (+69.32%)
https://finance.yahoo.com/news/vinfast-black-spade-acquisition-co-140000898.html

BSAQ.....short @ 20.43

Why aren't you a mod on this board?

Oh wow.. this looks interesting.

August 10, 2023

*****Business Combination will be consummated promptly following the Meeting, which is set on August 10, 2023.

Jul 28, 2023 Gov. Roy Cooper joined VinFast executives and Chatham County leaders Friday morning to shovel the first dirt in Moncure, the site of a planned $4 billion, 2.8-million-square-foot electric vehicle manufacturing plant.



VinFast celebrates electric vehicle groundbreaking in Chatham County

RALEIGH, N.C., July 28, 2023 ....Black Spade has scheduled the Extraordinary General Meeting of Shareholders ("EGM") to approve the proposed business combination with VinFast to be held on August 10, 2023.

The business combination values VinFast at an enterprise value of US$27 billion and an equity value of US$23 billion. The transaction is expected to close followed by the listing of VinFast in August 2023,

VINFAST'S REGISTRATION STATEMENT ON FORM F-4 IN CONNECTION WITH ITS PROPOSED BUSINESS COMBINATION WITH BLACK SPADE DECLARED EFFECTIVE BY THE U.S. SECURITIES AND EXCHANGE COMMISSION
https://finance.yahoo.com/news/vinfasts-registration-statement-form-f-174200214.html,


11.15
+0.87 (+8.46%)
At close: July 28 03:59PM EDT

Q: When do you expect the Business Combination to be completed?

A: It is currently anticipated that the Business Combination will be consummated promptly following the Meeting, which is set on August 10, 2023; however, such Meeting could be adjourned, as described above. For a description of the conditions for the completion of the Business Combination, see the section titled “Proposal One—The Business Combination Proposal—General—Merger Consideration.”

DEFM14A 07/28/2023
https://www.otcmarkets.com/filing/html?id=16817393&guid=owN-k6iylEnKJth

Vietnam EV maker VinFast to start construction of US factory next week

https://www.reuters.com/business/autos-transportation/vietnam-ev-maker-vinfast-start-construction-us-factory-next-week-2023-07-19/

Mar 14, 2023 VinFast pushes back US factory to 2025

https://www.electrive.com/2023/03/14/vinfasts-us-factory-delayed-until-2025/

and online... https://www.axios.com/local/raleigh/2023/03/10/vinfast-delays-plans-for-north-carolina-electric-vehicle-plant

Vietnamese auto maker VinFast is delaying operation plans for an electric-vehicle factory in North Carolina until 2025, the company said Friday. Driving the news: VinFast has promised to build a $4 billion EV plant in Chatham County that could one day employ up to 7,500 people.Mar 10, 2023

July 13, 2023 VinFast's SPAC partner for US listing extends its lifespan by one year

The vote gives the Hong Kong-based SPAC until July 20, 2024 to merge with a target company. Its shareholders have not yet voted on the merger with VinFast.

https://www.reuters.com/markets/deals/vinfasts-spac-partner-us-listing-extends-its-lifespan-by-one-year-2023-07-13/

July 14, 2023 Investors in VinFast's SPAC cash out most shares

Earlier this year, VinFast delayed plans to build a $4 billion U.S. electric vehicle (EV) factory in North Carolina. It pushed the start date for the plant to 2025 from 2024.

Black Spade Acquisition (BSA) said that redemptions amounted to approximately $147 million. "Following the redemption (...), the amount of funds remaining in the trust account is approximately $28.56 million," the SPAC said in a statement.

https://www.reuters.com/legal/transactional/investors-vinfasts-spac-us-listing-cash-out-most-shares-2023-07-14/

EV Maker VinFast Strikes $23 Billion SPAC Deal

May 12, 2023
https://finance.yahoo.com/m/2b2b5795-bac2-3131-a13d-6d053c80c20a/ev-maker-vinfast-strikes-%2423.html

VinFast has established global operations in the US, Canada, Germany, France and the Netherlands.

VinFast’s project is estimated to grow the state’s economy by at least $71.59 billion over 32 years

“As a native of this area I am incredibly excited to see VinFast choose to join our community,” said Representative Robert T. Reives. “Everyone in our region and across the state welcomes VinFast to our community, and we are committed to help this company succeed in North Carolina.”

Governor Cooper, VinFast’s factory will create a major manufacturing center in North Carolina,

This will be North Carolina’s first car manufacturing plant and it is the largest economic development announcement in the state’s history.

VinFast’s factory will create a major manufacturing center on a 1,977 acre (800 hectare) plot for phase 1 with 3 main areas: electric cars and buses production and assembly, EVs batteries production, and ancillary industries for suppliers.

“I’m so pleased that VinFast has decided to launch their North America manufacturing operations from our state, and we’ll work hard to make sure they find the skilled workforce they’ll need to grow and thrive in North Carolina.”

******March 29th, 2022 Vinfast concreted its plan to manufacture batteries, cars, and buses in North Carolina. The auto manufacturer will create 7,500 jobs.[37]

https://governor.nc.gov/news/press-releases/2022/03/29/governor-cooper-announces-vinfast-automotive-selects-north-carolina-electric-vehicle-assembly-plant

From-SOLID GOLD- https://en.wikipedia.org/wiki/VinFast#cite_note-37
product pictures at bottom

Black Spade Acquisition Co a Hong Kong SPAC. VinFast Headquarters: Singapore.

VinFast LLC is a Vietnamese-founded, Singaporean-based private automotive company. Established in 2017, it is a member of the conglomerate organization Vingroup, one of the largest private conglomerates in Vietnam that was founded by Ph?m Nh?t Vu?ng.[4][5][6] It is the first Vietnamese car brand to expand into global markets as well as the first to expand into producing electric vehicles (EV) such as electric cars and electric scooters.[7]

Headquarters moved to Singapore

On 7 April 2022, VinFast announced plans for an initial public offering (IPO) through a Singapore-based holding company with U.S. securities regulators on the second half of the year as an option to fund their expansion.[28]

On 24 May 2022, Vinfast announced that it would be moving its headquarters to Singapore, with the company stating that "We feel that Singapore is a jurisdiction that will give investors more confidence."[1] Singapore will be its legal and financial headquarters while Vietnam remains its operational headquarters. It is reported that IPO plans to the US has been postponed to 2023.[29]

VinFast – a member of Vingroup – is the leading Vietnamese automotive manufacturer,

expect to complete the merger by July 20.

VinFast Expects To Complete SPAC Merger By July

June 16, 2023
https://www.benzinga.com/news/23/06/32891530/vinfast-expects-to-complete-spac-merger-by-july-posts-49-revenue-decline-in-q1

About VINGROUP https://vingroup.net/en/about

the first global electric vehicle (EV) maker of Vietnam
https://vinfastauto.us/newsroom/press-release/vinfasts-for-a-green-future-exhibition-series-to-showcase-its-comprehensive

Equity value of over US$23 billion https://vinfastauto.us/

May 12, 2023 VinFast To Publicly List Through Business Combination With Black Spade Acquisition Co

https://www.blackspadeacquisition.com/news/press-releases/detail/44/vinfast-to-publicly-list-through-business-combination-with

About VinFast

VinFast – a member of Vingroup – is the leading Vietnamese automotive manufacturer, committed to its mission of creating a green future for everyone. VinFast manufacturers and exports a full portfolio of electric SUVs, e-scooters and e-buses across Vietnam, the United States, and, soon, Europe. https://vinfastauto.us/