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
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
Patrick Orlando, the former chief executive of Digital World, is also suing to get more shares of Trump Media, claiming the SPAC’s board wrongly cast him aside a year before the merger was completed.
—David Yaffe-Bellany, New York Times, 18 Apr. 2024
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
Other Virgin Group assets are also propping up Branson’s fortune even as his SPAC bets drag it down.
—Ben Stupples, Fortune Europe, 9 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
Popular on Variety Under the SPAC deal that made TMTG a public company, Trump held 78.75 million shares in the company.
—Todd Spangler, Variety, 15 Apr. 2024
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
Patrick Orlando, the former chief executive of Digital World, is also suing to get more shares of Trump Media, claiming the SPAC’s board wrongly cast him aside a year before the merger was completed.
—David Yaffe-Bellany, New York Times, 18 Apr. 2024
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
Other Virgin Group assets are also propping up Branson’s fortune even as his SPAC bets drag it down.
—Ben Stupples, Fortune Europe, 9 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
Popular on Variety Under the SPAC deal that made TMTG a public company, Trump held 78.75 million shares in the company.
—Todd Spangler, Variety, 15 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.
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Cite this Entry
“SPAC.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/SPAC. Accessed 2 May. 2024.
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