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
In August 2023, the firm unveiled a £1.6 billion plan to merge with a special purpose acquisition company (SPAC) founded by former Citigroup banker Michael Klein.
—
Robert Olsen, Forbes, 20 Jan. 2025
PropertyGuru debuted via a special purpose acquisition company (SPAC) in 2022, with a valuation of $1.8 billion.
—Nicholas Gordon, Fortune Asia, 7 Jan. 2025
That was days after the end of a lockup period that had barred company insiders from selling their stakes for six months following Trump Media’s merger with a special purpose acquisition company that led to public trading of DJT shares.
—Ece Yildirim, CNBC, 13 Jan. 2025
Investors had dumped high-flying fintech companies in 2022 as a wave of unprofitable firms like Dave went public via special purpose acquisition companies.
—Hugh Son, CNBC, 20 Dec. 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.
Robert Olsen, Forbes, 20 Jan. 2025
PropertyGuru debuted via a special purpose acquisition company (SPAC) in 2022, with a valuation of $1.8 billion.
—Nicholas Gordon, Fortune Asia, 7 Jan. 2025
That was days after the end of a lockup period that had barred company insiders from selling their stakes for six months following Trump Media’s merger with a special purpose acquisition company that led to public trading of DJT shares.
—Ece Yildirim, CNBC, 13 Jan. 2025
Investors had dumped high-flying fintech companies in 2022 as a wave of unprofitable firms like Dave went public via special purpose acquisition companies.
—Hugh Son, CNBC, 20 Dec. 2024
See All Example Sentences for 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 4 Mar. 2025.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share