The Latest SPAC News and Rumors: May 15, 2023


The Latest SPAC News and Rumors: May 15, 2023

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News:  Vingroup surges as EV unit merges with Black Spade and ThinkMarkets to go public through SPAC deal in Canada

Vingroup Surges as EV Unit Seeks US Listing Via SPAC Deal

Shares of Vingroup JSC jumped after announcing its electric vehicle maker unit will list in the US by merging with a blank-check company at an equity value of about $23 billion.

Vingroup rose as much as 6.2% Monday in Ho Chi Minh, the biggest gain since April 3. The stock contributed the most to Vietnam’s benchmark VN Index, which climbed as much as 0.9% to outperform most gauges in Asia.

The merger with Black Spade Acquisition Co.(NYSE:BSAQ), a Hong Kong-based firm, is expected to close in the second half of the year.


ThinkMarkets to go public through a SPAC deal in Canada

ThinkMarkets, a brokerage firm headquartered in Australia and operated by Think Financial Group Holdings Limited, is set to go public on the Toronto Stock Exchange through a merger deal with blank check company, FG Acquisition Corp.

ThinkMarkets specializes in providing retail trading services and has expanded its institutional presence through a liquidity provisioning platform launched in 2021.