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
Recent Examples on the Web
Of today’s active members, 25% were a result of an IPO (initial public offering) or SPAC (special purpose acquisition company) in the last five years.
—
Paulina Likos, CNBC, 1 Mar. 2025
In 2020, Nikola joined the stock market by merging with a special purpose acquisition company, which has a listing but little else.
—Neal E. Boudette, New York Times, 19 Feb. 2025
In August 2023, the firm unveiled a £1.6 billion plan to merge with a special purpose acquisition company (SPAC) founded by former Citigroup banker Michael Klein.
—Robert Olsen, Forbes, 20 Jan. 2025
PropertyGuru debuted via a special purpose acquisition company (SPAC) in 2022, with a valuation of $1.8 billion.
—Nicholas Gordon, Fortune Asia, 7 Jan. 2025
See All Example Sentences for special purpose acquisition company
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.
Paulina Likos, CNBC, 1 Mar. 2025
In 2020, Nikola joined the stock market by merging with a special purpose acquisition company, which has a listing but little else.
—Neal E. Boudette, New York Times, 19 Feb. 2025
In August 2023, the firm unveiled a £1.6 billion plan to merge with a special purpose acquisition company (SPAC) founded by former Citigroup banker Michael Klein.
—Robert Olsen, Forbes, 20 Jan. 2025
PropertyGuru debuted via a special purpose acquisition company (SPAC) in 2022, with a valuation of $1.8 billion.
—Nicholas Gordon, Fortune Asia, 7 Jan. 2025
See All Example Sentences for special purpose acquisition company
Cite this Entry
“Special purpose acquisition company.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/special%20purpose%20acquisition%20company. Accessed 25 Mar. 2025.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share