Mike Ellwood's back on the podcast with us. Mike is Chairman of Net Zero Infrastructure PLC (LSE:NZI), a cash shell set up to invest in clean energy distribution and storage.
We cover the basics of how cash shells and reverse takeovers work, and catch up with NZI's progress in finding a suitable target company. We also look at how the growing impetus for making planet-friendly investments.
00:00 What is a Cash Shell or SPAC?
01:35 How does a reverse takeover work?
02:15 Intro to Net Zero Infrastructure
02:27 NZI's unsuccessful reverse takeover
04:26 Is there a limit on the size of a target company?
05:01 What sort of companies are NZI looking for? Does size matter?
06:51 Will NZI look at non-UK opportunities?
07:21 Once a target is identified, what happens next?
08:37 Why SPACs suspend trading
09:23 What happens to my shares when a target is acquired?
10:22 Are there many cash shells of NZI's size?
11:26 The UK climate for clean energy
12:55 Is the UK Government being supportive enough?
13:38 The clean energy sector post-pandemic
14:58 Why buy into this sector?