BSAQ Intrinsic Value Calculator – VinFast to Go Public with Acquisition by Black Spade SPAC

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VinFast, a Vietnamese electric vehicle (EV) manufacturer, has agreed to pursue a public listing through a deal with a Special Purpose Acquisition Company (SPAC), Black Spade Acquisition ($NYSE:BSAQ). Black Spade Acquisition is a publicly listed SPAC that is focused on investing in and acquiring disruptive and innovative companies. Founded by experienced venture capitalists, the company’s goal is to create long-term value through strategic investments and acquisitions in targeted industries. The acquisition of VinFast by Black Spade Acquisition will provide the company with the opportunity to go public on the NASDAQ in the coming months.

This move is expected to significantly expand VinFast’s access to capital, as well as provide a strategic exit for its investors. VinFast is also expected to benefit from Black Spade Acquisition’s expertise and experience in taking companies public and providing them with the capital needed to drive growth. It is expected to be a mutually beneficial partnership, with Black Spade Acquisition providing VinFast with the tools it needs to become a major player in the global EV space, while providing Black Spade Acquisition with an exciting new investment and growth opportunity.

Price History

On Friday, Black Spade Acquisition announced that Vietnamese car manufacturer VinFast will be going public through a special purpose acquisition company (SPAC). This announcement pushed Black Spade Acquisition’s stock up by 0.8% from its previous closing price of 10.3, to open and close at 10.4. VinFast is set to benefit from Black Spade Acquisition’s expertise in mergers and acquisitions, as well as its access to capital markets. This move will provide VinFast with a platform to accelerate their global expansion and increase their technological capabilities. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for BSAQ. More…

Key Ratios Snapshot

Some of the financial key ratios for BSAQ are shown below. More…

Analysis – BSAQ Intrinsic Value Calculator

At GoodWhale, we have conducted an analysis of BLACK SPADE ACQUISITION’s financials and have determined the fair value of its share to be around $9.9, calculated via our proprietary Valuation Line. Currently, BLACK SPADE ACQUISITION stock is traded at $10.4, indicating that the price is slightly overvalued by 4.7%. More…

Peers

The competition in the acquisition industry is fierce, with Black Spade Acquisition Co going up against some major competitors in the field. Its rivals include Yotta Acquisition Corp, SMSA Crane Acquisition Corp, and Jupiter Wellness Acquisition Corp, all of which are striving to gain a competitive edge and become the top player in the industry. With each company having its own unique approach to the acquisition process, the competition is sure to be intense.

– Yotta Acquisition Corp ($NASDAQ:YOTA)

Yotta Acquisition Corp is a special purpose acquisition company (SPAC) that was created in 2021. It has a current market capitalization of 153.81M, as of 2023. The company has a two-year timeline to complete an acquisition of a privately held target business and become a publically traded corporation. Yotta Acquisition Corp is focused on identifying opportunities in the media and entertainment industry, with a primary focus on technology-driven media and content companies in North America. The company has identified a variety of opportunities across the industry, including companies involved in the production, distribution, and consumption of entertainment content.

– SMSA Crane Acquisition Corp ($OTCPK:SSCR)

SMS Crane Acquisition Corp is a special purpose acquisition company (SPAC) which focuses on investing in companies that operate in the crane, lift and hoisting industry. As of 2023, the company has a market capitalization of 8.04M and a return on equity of 23.29%. A high return on equity indicates that the company is producing strong returns from its investments and is a sign of its financial strength. A high market capitalization, meanwhile, indicates that investors have a positive outlook for the company’s future prospects and are willing to invest in it.

– Jupiter Wellness Acquisition Corp ($NASDAQ:JWAC)

Jupiter Wellness Acquisition Corp is a publicly-traded special purpose acquisition company (SPAC) focused on the health and wellness sector. Jupiter Wellness was formed to provide investors with access to high-growth companies in the industry through a merger, stock exchange, asset acquisition, stock purchase or other similar business combination. As of 2023, Jupiter Wellness has a market cap of 120.73M and a Return on Equity of -0.57%. This indicates that the company is not performing very well in terms of profitability. Despite this, Jupiter Wellness is still seen as an attractive investment option in the health and wellness space due to its potential for growth in the future.

Summary

Black Spade Acquisition Corporation is a special purpose acquisition company (SPAC) that has recently agreed to a deal with Vietnamese EV maker VinFast. This deal will allow VinFast to go public and enter the American stock market. Investors should be aware that, while a SPAC partnership can offer many benefits, it also carries significant risk. The most important factor to consider is the valuation of VinFast. Shareholders should also keep an eye on the company’s management and strategy to ensure that the partnership is mutually beneficial for both parties.

Additionally, investors should possess a good understanding of the EV auto industry and the competitive landscape of VinFast’s space in order to properly assess the long-term prospects of the company.