VinFast Auto (VFS) Announces Standby Equity Subscription Agreement Of Up To $1.0 Billion With Yorkville Advisors
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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
American 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.
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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
