Latham & Watkins Advises on VinFast’s Listing on the Nasdaq

Latham & Watkins has advised VinFast Auto Ltd. (VinFast) on the completion of its previously announced business combination with Black Spade Acquisition Co (NYSE: BSAQ) (Black Spade). The listed company following the Business Combination is VinFast Auto Ltd., and its shares and warrants will commence trading on the Nasdaq Stock Market LLC (Nasdaq) under the ticker symbols “VFS” and “VFSWW,” respectively, on August 15, 2023.

The announcement of the completion of the Business Combination comes after Black Spade’s shareholders voted to approve the transaction on August 10, 2023. As a result of the Business Combination, Black Spade became a wholly owned subsidiary of VinFast and has been delisted from the NYSE American LLC.

The Latham team was led by Singapore partners Sharon Lau and Stacey Wong, and Tokyo partner Noah Carr, with associates Elisabeth Ong, Sirada Chayabunjonglerd, Esha Goel, Jeffy Katio, and Bijun Huang.