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
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

Examples of SPAC in a Sentence

Recent Examples on the Web Two years ago, Digital World Acquisition Corp. (Trump Media’s SPAC partner) filled five pages with warnings about the former president in a filing with the Securities and Exchange Commission. Carolyn Barber, Fortune, 31 May 2024 The goal all along was to take Trump Media public through a merger with a special purpose acquisition company, or SPAC. David Yaffe-Bellany, New York Times, 21 May 2024 Trump Media went public on the Nasdaq on March 26 through a merger with shell company Digital World Acquisition Corp., a special purpose acquisition company, or SPAC. Kinsey Crowley, USA TODAY, 8 May 2024 Since 2022, by deal count, the firm has been #1 in US IPO issuance and #1 in SPAC issuance, per Bloomberg and SPAC Insider. Sacramento Bee, 6 May 2024 That followed Geely’s Polestar Automotive Holding going public in a SPAC deal in 2022, after Geely listed its Volvo Car AB in Stockholm the previous year. Michael Hytha, Fortune, 4 May 2024 The startup’s shares have lost almost 75% of their value since their debut in December 2021, when the company listed on the Nasdaq via a merger with a special purpose acquisition company (SPAC). Lionel Lim, Fortune Asia, 27 Apr. 2024 Trump Media, the company behind former president Donald Trump’s Truth Social, went public on the Nasdaq under the ticker DJT on March 26, after completing its merger with Digital World Acquisition Corp., a special purpose acquisition company, or SPAC. Rocio Fabbro, Quartz, 26 Apr. 2024 But later that year, Redbox proceeded with a plan to go public via a merger with a special purpose acquisition company (SPAC), which occurred in October 2021. Todd Spangler, Variety, 19 Apr. 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.

Word History

First Known Use

1994, in the meaning defined above

Time Traveler
The first known use of SPAC was in 1994

Dictionary Entries Near SPAC

Cite this Entry

“SPAC.” Dictionary, Merriam-Webster, Accessed 15 Jun. 2024.

Last Updated: - Updated example sentences
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