special purpose acquisition company
noun
plural special purpose acquisition companies
: a corporate shell (see shell entry 1 sense 11) set up by investors for the sole purpose of raising money through an initial public offering to acquire another business yet to be determined : blank check company
—abbreviation SPAC
Examples of special purpose acquisition company in a Sentence
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Further complicating things: the special purpose acquisition company that planned to merge with Trump’s business got tangled in a web of investigations, leaving it unclear whether Trump’s company would ever reach the public market.
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Dan Alexander, Forbes, 1 Oct. 2024
In 2021, Andretti with his father Mario formed a special purpose acquisition company separate from Andretti Global called Andretti Acquisition.
—Scott Soshnick, Sportico.com, 3 Sep. 2019
In part to address these financial difficulties, the company went public in 2023, at the tail end of the mania in which space companies were becoming publicly traded via special purpose acquisition companies, or SPACs.
—Eric Berger, Ars Technica, 20 Sep. 2024
The genetic-testing company went public in 2021 through a special purpose acquisition company (SPAC), and the share price has been mostly in freefall since then, dropping more than 95% from its high.
—Ashley Capoot, CNBC, 18 Sep. 2024
See all Example Sentences for special purpose acquisition company 
Dan Alexander, Forbes, 1 Oct. 2024
In 2021, Andretti with his father Mario formed a special purpose acquisition company separate from Andretti Global called Andretti Acquisition.
—Scott Soshnick, Sportico.com, 3 Sep. 2019
In part to address these financial difficulties, the company went public in 2023, at the tail end of the mania in which space companies were becoming publicly traded via special purpose acquisition companies, or SPACs.
—Eric Berger, Ars Technica, 20 Sep. 2024
The genetic-testing company went public in 2021 through a special purpose acquisition company (SPAC), and the share price has been mostly in freefall since then, dropping more than 95% from its high.
—Ashley Capoot, CNBC, 18 Sep. 2024
See all Example Sentences for special purpose acquisition company
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'special purpose acquisition company.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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“Special purpose acquisition company.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/special%20purpose%20acquisition%20company. Accessed 31 Oct. 2024.
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