HCAC Stock/Hennessy Capital and Canoo is rumored to merge. In this video I would be discussing about the rumor, and analyze Canoo’s business and HCAC stock.

There has been several private companies looking to go public through a reverse takeover of a special purpose acquisition company (SPAC), and perhaps Canoo is no exception. It has been rumored that Hennessy Capital Acquisition Corp. IV and Canoo intends to merge. In this video, I’ll be discussing about Canoo. I will first provide a brief introduction about the company, what they do, and how they earn income, then I will analyze the company qualitatively, followed by a quantitative analysis, looking at the company’s financials and valuation. I will then conclude on whether I think the shares of the company is a buy at its current price and whether I own any shares in this business myself.

Time Stamp
Introduction: 0:00
Company overview: 1:20
Qualitative analysis: 4:03
Quantitative analysis: 12:35
Conclusion: 13:45

Canoo is a Los Angeles based company creating and offering unique electric vehicles (EV) for subscription only. Canoo’s first vehicle will launch in late 2021 and was designed for a world in which transportation is becoming increasingly electric, shared and autonomous. Canoo is challenging the traditional way of building, offering and using vehicles based on a threefold approach:

A new business model that focuses on reducing production and infrastructure costs to make EVs more affordable to customers. A bold design capitalizing on the space EV technology affords, catering to the needs of today's consumers. A subscription model that puts an end to ownership, providing a hassle- and commitment free car experience in modern cities.

Founded in December 2017 by a group of experienced automotive engineers and executives, the Canoo team has since been complemented by various experts from successful tech and car companies. Today, Canoo has grown to around 300+ employees – covering the entire value chain, bringing together a unique EV with a unique business model for a unique user experience.

Sources:
https://www.morningstar.ca/ca/
https://ca.finance.yahoo.com/
https://finviz.com/
https://www.sec.gov/
https://www.canoo.com/
https://www.bloomberg.com/news/articl...
https://www.alliedmarketresearch.com/...
https://www.iea.org/reports/global-ev...
https://www.businesswire.com/news/hom...
https://automobilityla.com/speaker/ul...
https://www.press.canoo.com/
  / richard-kim-280a098  
https://en.wikipedia.org/wiki/Richard...)
https://www.theverge.com/2020/6/18/21...
https://www.forbes.com/sites/alanohns...
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#HCAC #Canoo #SPAC

HCAC, HCAC Stock, Hennessy Capital, Canoo, Canoo Stock, SPAC, special purpose acquisition company, NASDAQ, NYSE, Tesla, Nikola, Hyliion, Nio, Fisker, Lordstown, EV, Electric Vehicle, Richard Kim, Ulrich Kranz, Volkswagen, Subscription, Canoo App

Email: [email protected]

Thank you for watching my video.

I've been investing in the market for six years now and I really enjoy reviewing and analyzing stocks and picking the right ones for my investment portfolio. My main approach to investing is looking for companies that have growth at reasonable valuations. In addition, I analyze companies looking at both quantitative and qualitative aspects. I invest in both the Canadian and US market. I started this channel with the hope of sharing my research and analysis with everyone and providing some investment ideas to those looking to invest and guidance to those who just started investing. If you're interested in my research and analysis please make sure you subscribe and click the notification bell.

Disclaimer: Please note this video is for entertainment purpose only and all opinions are of my own and is not financial or investment advice. Please ensure you speak with your financial advisor and consider your risk tolerance before making any financial or investment decisions.