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
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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.
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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
Trump Media went public in March after completing a merger with a cash-rich special purpose acquisition company.
—Matthew Goldstein, New York Times, 20 Dec. 2024
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
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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
Trump Media went public in March after completing a merger with a cash-rich special purpose acquisition company.
—Matthew Goldstein, New York Times, 20 Dec. 2024
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
See all Example Sentences for special purpose acquisition company
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“Special purpose acquisition company.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/special%20purpose%20acquisition%20company. Accessed 1 Feb. 2025.
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