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
The company went public in May 2022 through a merger with a special purpose acquisition company, or SPAC.
—
Ben Wieder, Miami Herald, 18 Apr. 2024
Filing shares for resale is normal for companies that have recently gone public via a merger with a special purpose acquisition company, or SPAC, which Trump Media did last month after merging with Digital World Acquisition.
—Taylor Wilson, USA TODAY, 16 Apr. 2024
The goal all along was to take Trump Media public through a merger with a special purpose acquisition company, or SPAC.
—Joe Rennison, New York Times, 3 Apr. 2024
During his tenure, Deezer went public through a merger with a special purpose acquisition company, I2PO, in 2022, and forged a partnership with Universal Music Group in 2023 to introduce an artist-centric model for royalty calculations.
—Glenn Peoples, Billboard, 28 Feb. 2024
Trump big Truth Social merger hits the stock Trump’s Truth Social took a step toward merging with Digital World Acquisition Corp, a company that’s known as a special purpose acquisition company, or SPAC.
—Vinamrata Chaturvedi, Quartz, 22 Mar. 2024
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
Trading in Trump Media & Technology Group -- which uses the ticker symbol DJT -- began on the Nasdaq Tuesday morning after last week's vote for a merger between Trump Media and special purpose acquisition company Digital World Acquisition Corporation.
—Peter Charalambous, ABC News, 26 Mar. 2024
Digital World is a special purpose acquisition company (SPAC), also called a blank check company.
—Jessica Guynn, USA TODAY, 25 Mar. 2024
Ben Wieder, Miami Herald, 18 Apr. 2024
Filing shares for resale is normal for companies that have recently gone public via a merger with a special purpose acquisition company, or SPAC, which Trump Media did last month after merging with Digital World Acquisition.
—Taylor Wilson, USA TODAY, 16 Apr. 2024
The goal all along was to take Trump Media public through a merger with a special purpose acquisition company, or SPAC.
—Joe Rennison, New York Times, 3 Apr. 2024
During his tenure, Deezer went public through a merger with a special purpose acquisition company, I2PO, in 2022, and forged a partnership with Universal Music Group in 2023 to introduce an artist-centric model for royalty calculations.
—Glenn Peoples, Billboard, 28 Feb. 2024
Trump big Truth Social merger hits the stock Trump’s Truth Social took a step toward merging with Digital World Acquisition Corp, a company that’s known as a special purpose acquisition company, or SPAC.
—Vinamrata Chaturvedi, Quartz, 22 Mar. 2024
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
Trading in Trump Media & Technology Group -- which uses the ticker symbol DJT -- began on the Nasdaq Tuesday morning after last week's vote for a merger between Trump Media and special purpose acquisition company Digital World Acquisition Corporation.
—Peter Charalambous, ABC News, 26 Mar. 2024
Digital World is a special purpose acquisition company (SPAC), also called a blank check company.
—Jessica Guynn, USA TODAY, 25 Mar. 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'special purpose acquisition company.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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 28 Apr. 2024.
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