WTF are SPACs?

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.6 • 1.7K Ratings

🗓️ 18 November 2021

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

The term “SPAC” has been thrown around in the headlines a lot lately; and even more recently, it’s been tied to big names like Donald Trump and Bill Gates. But WTF are SPACs? Here’s a teaser: SPACs may be a good fit for your investment portfolio! Nicole unpacks the concept with Ahmed Fattouh, Founder & Chief Executive Officer of InterPrivate. To learn more about Ahmed’s work, follow this link: https://www.ipvspac.com/ Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Hey guys, are you ready for some money rehab?
0:05.0	Wall Street has been completely upended by an unlikely player. Game stop.
0:09.0	That's a good one.
0:10.0	Ian and should I have a 401k because then I don't do it?
0:12.0	No, I know.
0:15.0	I don't think the whole world will revolve around you on your money.
0:17.0	What a dumb shit.
0:19.0	Charge for wasting our time.
0:23.0	I will take a check.
0:25.0	We're going to pull you through.
0:27.0	You recognize her from anchoring on CNN, CNBC, and Bloomberg.
0:31.0	The only financial expert you don't need a dictionary to understand.
0:35.0	The cold lap in.
0:37.0	A really hot topic in the investing world is Spax or special purpose acquisition companies.
0:44.0	Today I have a special guest joining me to talk about what Spax are and what role they play in the greater financial world.
0:51.0	Our guest is going to dive into all things. Spax, including defining what the heck a SPAC is.
0:58.0	But before he does, I wanted to give a little primer on SPACs.
1:02.0	If this doesn't click for you right now, don't worry.
1:05.0	We'll get deeper into this definition as the episode goes on.
1:09.0	SPACs are basically shell companies that are created to go through the rigmarole of becoming a public company.
1:16.0	The goal of a SPAC is to eventually acquire another company that wants to be publicly traded.
1:23.0	It's sort of like a Trojan horse situation.
	...

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