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
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The company was founded in Canada in 2014 and went public in January 2022 by merging with a special purpose acquisition company, commonly referred to as a SPAC deal.
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Thomas Gounley, Denver Post, 10 Nov. 2025
SPACs are special purpose acquisition companies, which raise capital and use the cash to merge with a private company and take it public, usually within two years.
—Yun Li, CNBC, 30 Sep. 2025
The company went public through a merger with a special purpose acquisition company (SPAC) in March 2024.
—Todd Spangler, Variety, 15 Sep. 2025
There’s a simultaneous flurry of special purpose acquisition companies and reverse mergers of public companies rushing to the market, especially those busily acquiring crypto assets on their balance sheets.
—Christopher Perkins, Forbes.com, 1 July 2025
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Thomas Gounley, Denver Post, 10 Nov. 2025
SPACs are special purpose acquisition companies, which raise capital and use the cash to merge with a private company and take it public, usually within two years.
—Yun Li, CNBC, 30 Sep. 2025
The company went public through a merger with a special purpose acquisition company (SPAC) in March 2024.
—Todd Spangler, Variety, 15 Sep. 2025
There’s a simultaneous flurry of special purpose acquisition companies and reverse mergers of public companies rushing to the market, especially those busily acquiring crypto assets on their balance sheets.
—Christopher Perkins, Forbes.com, 1 July 2025
See All Example Sentences for special purpose acquisition company
Cite this Entry
“Special purpose acquisition company.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/special%20purpose%20acquisition%20company. Accessed 7 Dec. 2025.
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