SPAC

abbreviation or noun

ˈspak

plural SPACs

: special purpose acquisition company

Wall Street's biggest gold rush of recent years, SPACs are listed shell companies that raise funds to acquire a private company and take it public, allowing targets to sidestep the more onerous paperwork and regulatory checks faced by traditional initial public offerings.—

Katanga Johnson

Although special purpose acquisition companies (SPACs) could potentially fill some of this capital-providing role, they tend to focus more on larger businesses.—

Will Rhind

Examples of SPAC in a Sentence

Recent Examples on the Web

Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.

View’s agreement to merge with the Cantor SPAC CF Finance Acquisition Corp. was announced in November 2020. —

Christina Wilkie, CNBC, 12 Dec. 2024 Last valued at $3.2 billion, Figure launched a SPAC in 2021, but the vehicle was delisted roughly a year later. —

Lucinda Shen, Axios, 4 Dec. 2024 Back home on Wall Street, meanwhile, Lutnick seems intent on reviving the moribund SPAC market. —

Dan Primack, Axios, 4 Nov. 2024 Another seven continue to trade but only one, Monday, remains above its IPO/SPAC price. —

Luisa Beltran, Fortune, 28 Oct. 2024 See all Example Sentences for SPAC