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October 20, 2023 - VinFast Auto Ltd. today announced that it has entered into a standby equity subscription agreement with YA II PN, Ltd. . Subscription Agreement...
(Bloomberg) -- VinFast Auto Ltd. has agreed to sell as much as $1 billion worth of new shares to Yorkville Advisors Global over three years as the Vietnam electric vehicle maker seeks to boost the public float of its US-listed stock.Most Read from BloombergWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Biden’s Influence Turns Israel's Ground War Plans Into ‘Something Different’Here’s What 8% Mortgage Rates Will Do to the Housing MarketIsrael Latest: Concern Over Wider Conflict Before
Shares have been whipsawed by the news.
VinFast Auto will have to raise a lot of capital to fund its growth plans.
VinFast Auto will have to raise a lot of capital to fund its growth plans.