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.

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 In 2021, the company went public through a special purpose acquisition company (SPAC) merger and was valued at around $3.5 billion. —

Bruce Gil, Quartz, 24 Oct. 2024 The company also went public in the US in 2021 via reverse merging with a SPAC. —

Umar Shakir, The Verge, 24 Oct. 2024 See all Example Sentences for SPAC