How to Use special purpose acquisition company in a Sentence

special purpose acquisition company

noun

• The club hopes to fix its money problems with four magic words: special purpose acquisition company, or a SPAC.
  — Prarthana Prakash, Fortune, 11 Aug. 2023
• That year, WeWork went public in a merger with a special purpose acquisition company, a deal that revealed a lot about Neumann’s wealth.
  — Tori Latham, Robb Report, 9 Nov. 2023
• Athena’s agreement comes at a time when the pace of mergers by special purpose acquisition companies, or SPACs, has slowed considerably from when many of the vehicles were formed in 2021.
  — Katie Roof, Bloomberg.com, 20 Apr. 2023
• The startup went public in 2020 as part of the wave of EV companies to benefit from the pandemic era boom in special purpose acquisition companies.
  — Sasha Rogelberg, Fortune, 18 June 2024
• Shares of VinFast have seen huge swings since the company went public through a special purpose acquisition company in August.
  — Hardika Singh, WSJ, 5 Oct. 2023
• The deal comes at a time when special purpose acquisition companies are slowing the number of mergers, but the public listing will help the company expand globally.
  — Emma Hinchliffe, Fortune, 21 Apr. 2023
• All went public via a special purpose acquisition company, or SPAC.
  — Samantha Masunaga, Los Angeles Times, 8 Nov. 2023
• In 2019, the company went public via a reverse merger with a special purpose acquisition company, capitalizing on the blank-check boom to refill its coffers.
  — Loren Grush, Fortune, 29 June 2023
• Rover went public through a special purpose acquisition company merger in 2021.
  — Jack Pitcher, WSJ, 29 Nov. 2023
• In part to address these financial difficulties, the company went public in 2023, at the tail end of the mania in which space companies were becoming publicly traded via special purpose acquisition companies, or SPACs.
  — Eric Berger, Ars Technica, 20 Sep. 2024
• Further complicating things: the special purpose acquisition company that planned to merge with Trump’s business got tangled in a web of investigations, leaving it unclear whether Trump’s company would ever reach the public market.
  — Dan Alexander, Forbes, 1 Oct. 2024
• Beyond the Vietnamese electric-vehicle maker, investors who have held on to shares of newly public companies from tie ups with special purpose acquisition companies have mostly endured nothing but losses.
  — Bailey Lipschultz, Fortune, 29 Aug. 2023
• The company eventually went public in 2021 through a combination with a special purpose acquisition company, two years after its initially planned IPO.
  — Ethan M Steinberg, Fortune, 7 Nov. 2023
• Ginkgo began publicly trading in 2021 after merging with a special purpose acquisition company.
  — Jonathan Saltzman — Boston Globe, STAT, 20 June 2024

Last Updated: 20 Dec 2024