special purpose acquisition company

noun

plural special purpose acquisition companies

: a corporate shell (see shell entry 1 sense 11) set up by investors for the sole purpose of raising money through an initial public offering to acquire another business yet to be determined : blank check company

—abbreviation SPAC

Examples of special purpose acquisition company in a Sentence

Recent Examples on the Web

The Saudi businessman also wanted to invest with Lutnick, specifically in the special purpose acquisition companies, or SPACs, which were a Cantor Fitzgerald specialty. — Noah Shachtman, Vanity Fair, 25 Aug. 2026

Ycharts Ardagh, which is 76% owned by Ardagh Group, listed on the NYSE in 2021 by combining with a special purpose acquisition company (SPAC). — Brett Owens, Forbes.com, 15 Aug. 2026

The tokenization specialist raised $400 million from its public offering after merging with Cantor Equity Partners II, a special purpose acquisition company, or SPAC. — Camila Grigera Naón, Fortune, 2 July 2026

Enhanced Group began trading on the New York Stock Exchange earlier this month under the ticker ENHA after merging with a special purpose acquisition company. — Justin Birnbaum, Sportico.com, 26 May 2026

Word History

First Known Use

1994, in the meaning defined above

Rhymes for special purpose acquisition company

• accompany
• intercompany