secwatch / observer
8-K filed August 14, 2023, 7:59 PM ET CIK 0001851908
M&A confidence high sentiment neutral materiality 0.90

Black Spade Acquisition Co: M&A transaction — Black Spade completes merger with VinFast; VinFast shares to start trading on Nasdaq Aug 15

Black Spade Acquisition Co

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Black Spade Acquisition Co underwent a change of control involving VinFast Auto Ltd. (closed 2023-08-14).

Action
change of control
Counterparty
VinFast Auto Ltd.
Closing
2023-08-14
Exact text from the filing
On August 14, 2023, Black Spade Acquisition Co (“BSAQ”, “Black Spade” or the “Company”) consummated the previously announced business combination
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Black Spade Acquisition Co terminated Investment Management Trust Agreement with Black Spade and Continental valued at agreement terminated in accordance with its terms (effective 2023-08-11).

Action
termination
Counterparty
Black Spade and Continental
Value
agreement terminated in accordance with its terms
Effective
2023-08-11
Exact text from the filing
On August 11, 2023, in connection with the consummation of the Business Combination, the following material agreements of Black Spade terminated in accordance with their terms: (i) certain Investment Management Trust Agreement, dated as of July 15, 2021, by and between Black Spade and Continental, pursuant to which Continental invested the proceeds of Black Spade’s initial public offering in a trust account;
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Black Spade Acquisition Co terminated Administrative Services Agreement with Black Spade and the Sponsor valued at agreement terminated in accordance with its terms (effective 2023-08-11).

Action
termination
Counterparty
Black Spade and the Sponsor
Value
agreement terminated in accordance with its terms
Effective
2023-08-11
Exact text from the filing
(ii) certain Administrative Services Agreement, dated as of July 15, 2021, between Black Spade and the Sponsor, pursuant to which the Sponsor provided Black Spade with office space, secretarial and administrative services for up to $10,000 per month.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Black Spade Acquisition Co entered into Registration Rights Agreement with VinFast, Sponsor and certain shareholders of VinFast valued at customary registration rights for Sponsor and the shareholders of VinFast (effective 2023-08-11).

Action
entry
Counterparty
VinFast, Sponsor and certain shareholders of VinFast
Value
customary registration rights for Sponsor and the shareholders of VinFast
Effective
2023-08-11
Exact text from the filing
On August 11, 2023, VinFast, Sponsor and certain shareholders of VinFast entered into a registration rights agreement (the “Registration Rights Agreement”) containing customary registration rights for Sponsor and the shareholders of VinFast who are parties thereto.
View on SEC.gov

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Source: SEC EDGAR
accession 0001193125-23-212387
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