SPAC
abbreviation or noun
plural SPACs
: 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
Katanga JohnsonAlthough special purpose acquisition companies (SPACs) could potentially fill some of this capital-providing role, they tend to focus more on larger businesses.—Will Rhind
Will RhindExamples of SPAC in a Sentence
Recent Examples on the Web
Typically, a special purpose acquisition company, or SPAC, is formed with the intent to merge with a private company before it becomes publicly traded — in this instance, Trump Media, which owns Truth Social.
—Jay Weaver, Miami Herald, 3 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
In 2017, Epstein topped the Fortune World’s Greatest Leaders list.
Beane and Henry did come close to consummating their professional relationship in October 2020 when FSG was slated to go public via a SPAC that Beane co-chaired with Cardinale.
—Paolo Confino, Fortune, 2 Apr. 2024
In 2020, the company went public via a Special Purpose Acquisition Company (or SPAC) on the New York Stock Exchange.
—Prarthana Prakash, Fortune Europe, 27 Mar. 2024
Many startups, including those building electric vehicles, flying taxis, and batteries, went public during the 2020-2021 SPAC boom and were penalized by investors for missing forecasts.
—Dasha Shunina, Forbes, 27 Mar. 2024
Betting on a Trump victory in November Other insiders, including the sponsor of the SPAC, would also be able to sell.
—Matt Egan, CNN, 26 Mar. 2024
Truth Social will go public via a merger with a special purpose acquisition company, or SPAC, called Digital World Acquisition Co.
—Michael Hiltzik, Los Angeles Times, 22 Mar. 2024
Shareholders of Digital World Acquisition Corp, the SPAC that plans to list Trump Media & Technology Group on the stock market through a merger, voted in favor of the deal on Friday.
—Helen Coster and Svea Herbst-Bayliss, USA TODAY, 22 Mar. 2024
Jay Weaver, Miami Herald, 3 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
In 2017, Epstein topped the Fortune World’s Greatest Leaders list.
Beane and Henry did come close to consummating their professional relationship in October 2020 when FSG was slated to go public via a SPAC that Beane co-chaired with Cardinale.
—Paolo Confino, Fortune, 2 Apr. 2024
In 2020, the company went public via a Special Purpose Acquisition Company (or SPAC) on the New York Stock Exchange.
—Prarthana Prakash, Fortune Europe, 27 Mar. 2024
Many startups, including those building electric vehicles, flying taxis, and batteries, went public during the 2020-2021 SPAC boom and were penalized by investors for missing forecasts.
—Dasha Shunina, Forbes, 27 Mar. 2024
Betting on a Trump victory in November Other insiders, including the sponsor of the SPAC, would also be able to sell.
—Matt Egan, CNN, 26 Mar. 2024
Truth Social will go public via a merger with a special purpose acquisition company, or SPAC, called Digital World Acquisition Co.
—Michael Hiltzik, Los Angeles Times, 22 Mar. 2024
Shareholders of Digital World Acquisition Corp, the SPAC that plans to list Trump Media & Technology Group on the stock market through a merger, voted in favor of the deal on Friday.
—Helen Coster and Svea Herbst-Bayliss, USA TODAY, 22 Mar. 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'SPAC.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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Cite this Entry
“SPAC.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/SPAC. Accessed 19 Apr. 2024.
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