VinFast’s IPO deal: How does a SPAC work in raising cash? Tech attorney explains

VinFast announced Friday morning that it’s going to sell stock in the U.S. as part of its $4.5 billion electric vehicle plant in Chatham County through a merger called a SPAC. The deal will generate some $27 billion, VinFast says. How does the process work? Tech focused attorney Jim Verdonik in Raleigh explains.