US stocks closed in the green on Thursday – though off session highs – having been bolstered by positive consumer inflation indicators which raised hopes that the Federal Reserve could take a pause from tightening monetary policy at its next meeting.
At the close, the Dow Jones Industrial Average was up 0.15% at 35,176.15, while the S&P 500 saw a modest increase of 0.03%, ending the day at 4,468.83.
In a similar vein, the Nasdaq Composite advanced by 0.12%, settling at 13,737.99.
On the currency front, the dollar was last up 0.01% on sterling, trading at 78.9p, while it dipped 0.03% on the common currency to 91.04 euro cents.
Black Spade Acquisition Co (NYSE:BSAQ) ended higher 73.06% and complete the day at 18.50. The total number of shares changed hands during the day was 4,600,354 shares. After opening at $10.90, the stock hit as high as $22.80. However, it traded between $9.74 and $22.80 over the last twelve months. Black Spade Acquisition Co (the “Company”) recently declared that, in connection with its proposed business combination (the “Business Combination”) with VinFast Auto Ltd. (“VinFast”), it intends to voluntarily delist its units, Class A ordinary shares and warrants from the NYSE American LLC (“NYSE American”), subject to the closing of the Business Combination.
The Company’s decision to voluntarily delist its units, Class A ordinary shares and warrants from the NYSE American is due to the fact that upon the consummation of the Business Combination, the Company will become a wholly owned subsidiary of VinFast, and VinFast’s ordinary shares and warrants are expected to be traded on the Nasdaq Stock Market LLC (“Nasdaq”), subject to the closing of the Business Combination and the fulfillment of all applicable listing requirements of Nasdaq.
Trading of VinFast’s ordinary shares and warrants is currently expected to begin on Nasdaq at market open on or about August 15, 2023 under the symbols “VFS” and “VFSWW”, respectively, following the consummation of the Business Combination. The last day of trading of the Company’s securities on NYSE American is expected to be on or about August 14, 2023. The delisting from NYSE American and the listing on Nasdaq are subject to the closing of the Business Combination and the fulfillment of all applicable listing requirements of Nasdaq.
