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
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
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Similarly, companies like Nakamoto raised $710 million for their Special Purpose Acquisition Company (SPAC) because the company wants to launch more pubcos globally. Lawrence Wintermeyer, Forbes.com, 19 June 2025 Valued at almost $2 billion in its 2021 SPAC merger that put it on the Nasdaq Stock market, Vivid is now worth less than $250 million. Brendan Coffey, Sportico.com, 12 June 2025 That was all the rage back then, and so many of those SPAC deals were busts. Jim Cramer, CNBC, 9 June 2025 Last year, the company announced plans for an IPO via Southport Acquisition Corp, a blank check SPAC, in a deal valued at $1.6 billion. Scott Roxborough, HollywoodReporter, 6 June 2025 See All Example Sentences for SPAC

Word History

First Known Use

1993, in the meaning defined above

Time Traveler
The first known use of SPAC was in 1993

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Cite this Entry

“SPAC.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/SPAC. Accessed 1 Jul. 2025.

Last Updated: - Updated example sentences
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