VinFast Auto Ltd. (VFSWW) Warrant
Each VFSWW warrant gives the holder the right to buy 1 share of VinFast Auto Ltd. at $11.50 per share, until August 11, 2028. The stock last closed at $3.04, below the strike, so the warrant is out of the money. VinFast Auto Ltd. has a market value of about $7.11B. There are 3.32M listed warrants; exercising all of them would add 0.1% to the 2.34B shares outstanding. The company can call the warrants if the stock trades at or above $10.00.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- 2028-08-11
- Redemption trigger
- $10.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.72
From the issuer's F-1/A (2023-09-27).
Company and stock
- Company
- VinFast Auto Ltd.
- Underlying stock
- VFS
- Share price
- $3.04
- Market cap
- $7.11B
- Shares outstanding
- 2.34B
- 12-month range
- $2.81 – $4.76
- 12-month change
- -5%
- Value of all listed warrants
- $732.57K (0.0% of market cap)
- Industry
- Motor Vehicles & Passenger Car Bodies
- Head office
- Singapore
- Incorporated in
- Singapore
Market cap is the last share price times shares outstanding (as of 20-F 2026-). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.2206
- Price / model
Pro will show whether VFSWW is cheap or rich against our model. It is not open yet. Leave your email to hear when it is.
Dilution
- Shares outstanding
- 2.34B
- Listed warrants
- 3.32M
- Dilution if all exercised
- 0.1%
Warrant count from filing notes, read by hand (high): Public warrants (former Black Spade Acquisition public warrants).
Filings and events
Questions about VFSWW
When does the VFSWW warrant expire?
VFSWW expires on August 11, 2028.
What is the strike price of VFSWW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
Can VinFast Auto Ltd. redeem the VFSWW warrants early?
Yes. The company can call them if the share price reaches $10.00 for the required period (usually 20 of 30 trading days).
How many VFSWW warrants are outstanding?
3.32M listed warrants, equal to 0.1% dilution if all are exercised.
Related warrants
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