Vietnamese VinFast leapfrogs Ford and GM after SPAC merger

After completing their previously announced ‘business combination’, the SPAC merger between Vietnamese VinFast and the already listed shell company Black Spade Acquisition, shares peaked at $37 on Tuesday after being $22 initially. This instantly made VinFast leapfrogging Ford and General Motors for the time being. These high share prices would value the Vietnamese carmaker around
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