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Lucosky Brookman is a leader in the representation of small and micro-cap companies. The Firm has led it clients through numerous capital raise transaction and over a dozen uplisting and initial public offering transactions.  Access the latest news about Lucosky Brookman, our clients’ business transactions and industry updates here. 

Lucosky Brookman Congratulates its client Chardan Capital Market and VinFast Auto Ltd.’s on Nasdaq Listing and Successful Business Combination

Lucosky Brookman is thrilled to extend its warmest congratulations to the VinFast Auto Ltd. management team and its client, Chardan Capital Markets, on the successful business combination with Black Spade Acquisition Co. This milestone achievement was celebrated with the ringing of the Nasdaq opening bell on Tuesday, August 15th, 2023.

Lucosky Brookman acted as counsel to Chardan, contributing to the successful realization of this transformative endeavor. VinFast Auto Ltd. ("VinFast" or the "Company") commenced trading on the Nasdaq Global Select Market under the ticker symbol "VFS," marking a significant achievement for the global electric vehicle ("EV") industry. With an impressive equity value exceeding US$23 billion, VinFast's listing is a testament to its commitment to innovation and growth.

The culmination of VinFast's public listing follows the completion of its merger with Black Spade Acquisition Co. on August 14, 2023. This pivotal moment was highlighted by the ringing of the opening bell at Nasdaq Stock LLC ("Nasdaq"), positioning VinFast as the largest Vietnamese company listed on the U.S. stock market by market capitalization.

As a result of this transformative business combination, the newly formed entity will operate under the name VinFast Auto Ltd. Guided by Global CEO Le Thi Thu Thuy, affectionately known as Madame Thuy Le, the company benefits from the leadership of a seasoned and diverse senior management team with a deep entrepreneurial spirit. The collaboration with Black Spade will continue to fuel the growth of the VinFast brand, providing valuable business advisory support and facilitating direct investor engagement.

The synergy between Lucosky Brookman, Chardan Capital Markets, and the visionary VinFast management team highlights the firm's unwavering commitment to guiding clients through complex transactions and pivotal milestones. This achievement further solidifies Lucosky Brookman's position as a trusted legal partner for businesses navigating the complexities of corporate finance and securities law.