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SPACs

The SPACs playlist helps explain what SPACs are, how they compare to IPOs, how their funding works, sponsors, shareholders, PIPE investors, pros and cons vs an IPO, fees, returns and shareholder structure post deal.

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12 Lessons (34m)

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1. What Is A SPAC

01:33
2. SPAC Simple Example

02:24
3. What Funding Happens In A SPAC

02:22
4. SPAC Workout - IPO

05:56
5. SPAC Workout - Target Valuation

01:20
6. SPAC Workout - Sources And Uses Of Funds

05:31
7. SPAC Workout - Shareholder Structure Post Deal

06:02
8. SPAC Workout - Fees

01:12
9. SPAC Workout - Returns

03:20
10. SPAC Lifecycle

01:07
11. SPAC vs. Traditional IPO Route

02:06
12. SPAC Pros And Cons

02:13

Prev: Rights Issues Next: IPO Modeling

SPAC Workout - Sources And Uses Of Funds

Notes
Questions

05:31

A detailed look at the sources and uses of funds employed by a SPAC to take over an operating business. Includes SPAC cash, PIPE funding, equity issuance to the target shareholders, and fees.

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SPAC-Workout-Sources-And-Uses-Of-Funds-Empty

SPAC-Workout-Sources-And-Uses-Of-Funds-Full

Glossary

IPO Shell Company SPAC Special Purpose Acquisition Company sponsor

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CPE stands for Continuing Professional Education, by completing learning activities you earn CPE credits to retain your professional credentials. CPE is required for Certified Public Accountants (CPAs). Financial Edge Training is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.

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For self study programs, 1 CPE credit is awarded for every 50 minutes of elearning content, this includes videos, workouts, tryouts, and exams.

CPE Exams

You must complete the CPE exam within 1 year of accessing a related playlist or course to earn CPE credits. To see how long you have left to complete a CPE exam, hover over the locked CPE credits button.

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CPE exams do not count towards your FE certification. You do not need to complete the CPE exam if you are not collecting CPE credits, but you might find it useful for your own revision.

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Felix How to Guide walks you through the key functions and tools of the learning platform.
Playlists & Tryouts: Playlists are a collection of videos that teach you a specific skill and are tested with a tryout at the end. A tryout is a quiz that tests your knowledge and understanding of what you have just learned.
Exam: If you are collecting CPE points you must pass the relevant CPE exam within 1 year to receive credits.
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Questions: If you have questions about the course content, you will find a section called Ask a Question underneath each video where you can submit questions to our expert instructor team.