SPAC

abbreviation or noun
\ ˈspak How to pronounce SPAC (audio) \
plural SPACs

Definition of SPAC

: 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

First Known Use of SPAC

1994, in the meaning defined above

Learn More About SPAC

Dictionary Entries Near SPAC

Spaatz

SPAC

space

See More Nearby Entries 

Statistics for SPAC

Cite this Entry

“SPAC.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/SPAC. Accessed 25 May. 2022.

Style: MLA
MLACheck Mark Icon ChicagoCheck Mark Icon APACheck Mark Icon Merriam-WebsterCheck Mark Icon

WORD OF THE DAY

Test Your Vocabulary

Eponyms: Words Named After People

Name That Thing

Test your visual vocabulary with our 10-question challenge!

TAKE THE QUIZ
Universal Daily Crossword

A daily challenge for crossword fanatics.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!