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

The process started when Lionsgate Studios — the TV studio, motion picture group and film and television libraries — merged with Screaming Eagle Acquisition Corp., an SPAC (special purpose acquisition company) led by Eli Baker. —Jill Goldsmith, Deadline, 5 May 2025

EToro had previously filed to go public in 2021 through a merger with a special purpose acquisition company, or SPAC, that would have valued it at more than $10 billion. —Samantha Subin, CNBC, 14 May 2025

The first was the standard player agent contract (SPAC), which concerns a player’s employment contracts with NBA teams. —Michael McCann, Sportico.com, 24 Apr. 2025

The new entity will go public via a merger with Cantor Equity Partners (CEP), a special purpose acquisition company (SPAC) sponsored by an affiliate of Cantor (also Tether’s investor and custodian), at a $3.6 billion pro-forma enterprise value. —Nina Bambysheva, Forbes.com, 23 Apr. 2025

Word History

First Known Use

1993, in the meaning defined above