{"id":75033,"date":"2023-10-20T20:54:28","date_gmt":"2023-10-21T00:54:28","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/vinfast-announces-billion-dollar-share-deal-with-yorkville\/"},"modified":"2023-10-20T20:54:32","modified_gmt":"2023-10-21T00:54:32","slug":"vinfast-announces-billion-dollar-share-deal-with-yorkville","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=75033","title":{"rendered":"VinFast announces billion dollar share deal with Yorkville"},"content":{"rendered":"
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\u00a9 Reuters VinFast (VFS) announces billion dollar share deal with Yorkville<\/span>
\n<\/i>\n<\/div>\n

Vietnamese electric vehicle manufacturer VinFast (NASDAQ:) announced on Friday that it has initiated a share subscription agreement of potentially $1 billion with the U.S.-based fund Yorkville Advisors, aiming to secure financial backing for its international market growth.<\/p>\n

According to VinFast’s submission to the U.S. securities authority, the company retains the choice, but not the obligation, to prompt Yorkville to subscribe to as much as $1.0B worth of ordinary shares in VinFast at any point within the agreement’s duration.<\/p>\n

“This new source of equity funding provides us with valuable optionality and access to capital to continue to expand our business on a global scale,” said VinFast CFO, David Mansfield in a statement.<\/p>\n

“While we are under no obligation to draw on the full amount, the transaction aligns with our goals of opportunistic capital raising while adding liquidity to our shares over time.”<\/p>\n

Up to this point, VinFast has sold approximately 22,000 vehicles and is striving to achieve this year’s sales goal of 40,000 to 50,000 units.<\/p>\n

A significant portion of its sales, over half, was directed to a fleet operator situated in Vietnam, overseen by Vuong.<\/p>\n

The Founder and President of Yorkville said the fund is looking forward to seeing VinFast’s continued success.<\/p>\n

Shares of VFS are down 5.48% in early trading Friday morning.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters VinFast (VFS) announces billion dollar share deal with Yorkville Vietnamese electric vehicle manufacturer VinFast (NASDAQ:) announced on Friday that it has initiated a share subscription agreement of potentially $1 billion with the U.S.-based fund Yorkville Advisors, aiming to secure financial backing for its international market growth. According to VinFast’s submission to the U.S. […]<\/p>\n","protected":false},"author":1,"featured_media":75034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-75033","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nVinFast announces billion dollar share deal with Yorkville | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters VinFast (VFS) announces billion dollar share deal with Yorkville Vietnamese electric vehicle manufacturer VinFast (NASDAQ:) announced on Friday\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=75033\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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