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
• 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: 9 Oct 2024