How to Use SPAC in a Sentence

SPAC

abbreviation or noun

• The fintech had tried to merge with a SPAC in 2021 but ended up pulling those plans.
  — Luisa Beltran, Fortune, 12 Dec. 2023
• But now, the market has dried up and shares of companies that did SPAC deals have crashed.
  — Jennifer Hiller, WSJ, 11 July 2023
• Investors are still very wary, and the actual SPAC market has all but dried up.
  — Andrew Freedman, Axios, 18 July 2024
• The company attempted to go public via a SPAC merger in 2022, though those efforts were dropped.
  — Jessica Mathews, Fortune, 2 Mar. 2024
• Lucid went public through a SPAC in mid-2021 before releasing its first car.
  — Leo Schwartz, Fortune, 17 July 2024
• The company went public through a SPAC transaction last year, and currently has a market cap of around a billion dollars.
  — Alan Murray, Fortune, 20 Oct. 2023
• Plenty of shareholders are now suing SPAC sponsors over their losses.
  — Jonathan Randles, Fortune, 28 Dec. 2023
• It is publicly traded after a SPAC transaction (of more recent vintage).
  — Tim Fernholz, Quartz, 12 July 2023
• All went public via a special purpose acquisition company, or SPAC.
  — Samantha Masunaga, Los Angeles Times, 8 Nov. 2023

Last Updated: 8 Oct 2024