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 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 In September 2021, Lilium went public on the Nasdaq via a merger with a special purpose acquisition company called SPAC Qell. —

Ryan Browne, CNBC, 23 Oct. 2024 See all Example Sentences for SPAC

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'SPAC.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.