VinFast (VFS) announces billion dollar share deal with Yorkville
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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... MoreAmerican Express, Comerica, Coinbase rise premarket; SolarEdge falls
October 20, 2023 7:55 AM EDTInvesting.com -- U.S. futures fell Friday, weighed by rising bond yields and concerns surrounding escalating geopolitical tensions in the Middle East.
Here are some of the biggest premarket U.S. stock movers today:
American Express (NYSE:... More
VinFast 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
VinFast (VFS) expects continued sales to taxi service owned by founder into 2024
October 19, 2023 10:36 AM EDTVinFast's (NASDAQ: VFS) CEO, Le Thi Thu Thuy, has stated that the company anticipates the ongoing sales of electric cars and scooters to a connected ride service, owned by the founder, to persist throughout 2024.
"For the next two quarters we still see GSM having demand for our vehicles, both EVs and e-scooters," Thuy said. "That is going to continue into end of first quarter, even maybe the... More
