25 years: Capital markets
In the last video of this three part video series, Rupert takes us through a case study of a SPAC called Churchill Capital IV who acquired a private electric automobile company called Lucid.
In the last video of this three part video series, Rupert takes us through a case study of a SPAC called Churchill Capital IV who acquired a private electric automobile company called Lucid.
6 mins 46 secs
In order to fully understand how SPACs work, Rupert goes through a case study of a recent real-world example. Specifically the transaction between Churchill Capital Corp IV (CCIV) and Lucid Motors, a privately owned electric car producer.
Key learning objectives:
Identify the SPAC in this scenario
Explain why a SPAC merger was beneficial to both parties
Be able to understand SPACs using a real world example