SPAC
abbreviation or noun
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
Katanga JohnsonAlthough special purpose acquisition companies (SPACs) could potentially fill some of this capital-providing role, they tend to focus more on larger businesses.—Will Rhind
Will RhindExamples of SPAC in a Sentence
Recent Examples on the Web
Trucking autonomy company Kodiak Robotics has announced plans for a SPAC deal set to be consummated in the second half of 2025.
—Richard Bishop, Forbes.com, 16 Apr. 2025
Brendan McDermid | Reuters Shares of Webull soared nearly 375% on Monday, the second day on the market for the stock-trading app, which completed its merger last week with SK Growth Opportunities Corp., a special-purpose acquisition company (SPAC).
—Jordan Novet, CNBC, 14 Apr. 2025
Klarna, which hit a $45.6 billion valuation in 2021, filed to go public in a listing expected to value it at $15 billion to $20 billion.
eToro, which attempted to go public in a 2021 SPAC merger valued at $10.4 billion, filed for IPO and is expected to list at a $5 billion valuation.
—Ryan Lawler, Axios, 3 Apr. 2025
The filing also discusses the company's management team and board of directors, which includes experienced professionals with a history of successful SPAC transactions.
—Quartz Intelligence Newsroom, Quartz, 27 Mar. 2025
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Richard Bishop, Forbes.com, 16 Apr. 2025
Brendan McDermid | Reuters Shares of Webull soared nearly 375% on Monday, the second day on the market for the stock-trading app, which completed its merger last week with SK Growth Opportunities Corp., a special-purpose acquisition company (SPAC).
—Jordan Novet, CNBC, 14 Apr. 2025
Klarna, which hit a $45.6 billion valuation in 2021, filed to go public in a listing expected to value it at $15 billion to $20 billion.
eToro, which attempted to go public in a 2021 SPAC merger valued at $10.4 billion, filed for IPO and is expected to list at a $5 billion valuation.
—Ryan Lawler, Axios, 3 Apr. 2025
The filing also discusses the company's management team and board of directors, which includes experienced professionals with a history of successful SPAC transactions.
—Quartz Intelligence Newsroom, Quartz, 27 Mar. 2025
See All Example Sentences for SPAC
Cite this Entry
“SPAC.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/SPAC. Accessed 24 Apr. 2025.
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