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Saturday, 07/15/2023 11:11:21 AM

Saturday, July 15, 2023 11:11:21 AM

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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/
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