Form 6-K VinFast Auto Ltd. For: Oct 20
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VinFast Auto (VFS) Announces Standby Equity Subscription Agreement Of Up To $1.0 Billion With Yorkville Advisors
October 20, 2023 8:22 AM EDTVinFast Auto Ltd. (the "Company" or "VinFast") (NASDAQ: VFS) today announced that it has entered into a standby equity subscription agreement ("Subscription Agreement") with YA II PN, Ltd. ("Yorkville").
Subscription Agreement Highlights:
VinFast has the option, but not the obligation, to require Yorkville to subscribe for up to $1.0 billion of ordinary shares in VinFast at any... MoreVinFast Auto (VFS) enters standby equity subscription agreement with Yorkville
October 20, 2023 7:11 AM EDTVinFast Auto (NASDAQ: VFS) disclosed:
On October 20, 2023 (the Effective Date), VinFast Auto Ltd. (VinFast), entered into a standby equity subscription agreement (the Subscription Agreement) with YA II PN, Ltd. (Yorkville), pursuant to which VinFast shall have the right, but not the obligation, to issue to Yorkville, and Yorkville shall have the obligation to subscribe for, ordinary shares in the capital of VinFast, no par value (the ordinary shares) for an aggregate subscription amount of up to $1.0 billion (the Commitment Amount), at any time during the commitment period of 36 months from the Effective Date, subject to certain... More
