NASDAQ: VFS

VinFast Auto Ltd. f/k/a Black Spade Aquisition Co.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of VinFast Auto Ltd.  f/k/a Black Spade Acquisition Co.,(NASDAQ: VFS): (i) pursuant and/or traceable to the prospectus and registration statement (the “Offering Documents”) issued in connection with the Company’s August 14, 2023 merger (“Merger”); and/or (ii) between August 15, 2023 and January 17, 2024, both dates inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than June 11, 2024.

If you purchased VinFast securities and would like to join the action, please click “Join This Class Action.”

Class Period:Pursuant and/or traceable to the offering documents issued in connection with the Company’s August 14, 2023 Merger and/or between August 15, 2023 and January 17, 2024

Deadline:

14 Days
If you purchased VinFast securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, the Offering Documents and defendants made false and/or misleading statements and/or failed to disclose that:

  • VinFast lacked sufficient capital to execute its purported growth strategy;
  • VinFast would be unable to meet its 2023 delivery targets;
  • accordingly, VinFast had overstated the strength of its business model and operational capabilities, as well as its post-Merger business and/or financial prospects; and
  • as a result, the Offering Documents and defendants’ public statements throughout the Class Period were materially false and/or misleading and failed to state information required to be stated therein.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: VinFast Auto Ltd.
Stock Symbol: VFS
Class Period: Pursuant and/or traceable to the offering documents issued in connection with the Company’s August 14, 2023 Merger and/or between August 15, 2023 and January 17, 2024
Court: United States District Court for the Eastern District of New York

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