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
Blank-check firms, or special purpose acquisition companies (SPACs), are shell companies that raise funds through a listing with the intention of acquiring a private company and taking it public, circumventing the initial public offering process.
—
Reuters, CNN, 12 Dec. 2024
The alternative to YouTube went public in 2022 through a special purpose acquisition company led by Cantor Fitzgerald CEO Howard Lutnick.
—Tanaya MacHeel, CNBC, 26 Nov. 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, 12 Nov. 2024
These partners were hoping to benefit when a Barca Media spin-off was floated on New York’s NASDAQ stock exchange — but attempts to form a ‘SPAC’ (special purpose acquisition company), initially valued by Barca at €1billion, failed in late June.
—Dermot Corrigan, The Athletic, 28 July 2024
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.
Reuters, CNN, 12 Dec. 2024
The alternative to YouTube went public in 2022 through a special purpose acquisition company led by Cantor Fitzgerald CEO Howard Lutnick.
—Tanaya MacHeel, CNBC, 26 Nov. 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, 12 Nov. 2024
These partners were hoping to benefit when a Barca Media spin-off was floated on New York’s NASDAQ stock exchange — but attempts to form a ‘SPAC’ (special purpose acquisition company), initially valued by Barca at €1billion, failed in late June.
—Dermot Corrigan, The Athletic, 28 July 2024
See all Example Sentences for special purpose acquisition company
Dictionary Entries Near 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 22 Dec. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share