VinFast Auto (VFS) enters standby equity subscription agreement with Yorkville
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VinFast (VFS) announces billion dollar share deal with Yorkville
October 20, 2023 9:35 AM EDTVietnamese electric vehicle manufacturer VinFast (NASDAQ: VFS) announced on Friday that it has initiated a share subscription agreement of potentially $1 billion with the U.S.-based fund Yorkville Advisors, aiming to secure financial backing for its international market growth.
According to VinFast's submission to the U.S. securities... More
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... More