Black Spade Acquisition Co

Merged
CIK: 1851908•Ticker: BSAQ•Merged Ticker: VFS
Successfully merged with VinFast Auto Ltd. • Now trading as VFS

SPAC Overview

$150M
IPO Size
$175M
Trust (as of 2023-06-30)
Completed
Current Status
2021
IPO Year

Timeline Progress

About

Black Spade Acquisition Co. is a blank-check company seeking a business combination, with a stated focus on businesses related to entertainment, enabling technology, lifestyle brands, products or services, and entertainment media. It emphasizes opportunities whose growth is underpinned by consumption forces in Asia, while retaining flexibility to pursue other industries and regions.

Investment Focus

Technology, Entertainment, Media

Geographic Focus

Asia

Embarc dashboard

What the sponsor registered, what the deal actually priced at, and every 8-K that moved it — unit structure, sponsor promote, and the dated lifecycle events, each linked to its filing.

  • Unit structure as registered and as priced — price, warrant coverage, rights, trust per unit
  • Sponsor promote: founder shares and percentage, private-placement warrants, trust deposit
  • The full 8-K lifecycle timeline, each event linked to its filing
  • Price history across the unit, share and warrant tickers
  • Follow it, and see it change on your watchlist
Open in the dashboard

SPAC Team

Extended Team Information

The team is led by entrepreneur Lawrence Ho, whose background includes leading Melco International and Melco Resorts & Entertainment, and senior executives Dennis Tam, Kester Ng and Francis Ng, bringing corporate finance, investment banking, real estate and capital-markets experience. The director nominees bring experience in real estate, entertainment, luxury goods and digital marketing/data.

Stock Performance

VFS
Trading Symbol
First Trade
September 7, 2021
$9.93
At Merger
August 16, 2023
$29.02
+192%
6 Months Post-Merger
February 14, 2024
$5.22
-82%
1 Year Post-Merger
August 14, 2024
$3.67
-87%
2 Years Post-Merger
August 11, 2025
$3.48
-88%
Current Price
October 1, 2026
$3.06
-69%

Key Information

IPO Date
July 16, 2021
Total Redemptions
$15M
State of Incorporation
E9
SIC
6770
Completion Date
August 11, 2023
Merger Target
VinFast Auto Ltd.
SPAC Ticker
BSAQ
Merged Ticker
VFS