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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Oklo went public in 2024 through a special purpose acquisition company that Altman co-founded.
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Jonathan Vanian, CNBC, 9 Jan. 2026
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.
—Thomas Gounley, Denver Post, 10 Nov. 2025
The company went public through a merger with a special purpose acquisition company (SPAC) in March 2024.
—Todd Spangler, Variety, 15 Sep. 2025
Trump Media became publicly traded last March after merging with a shell company called Digital World Acquisition Corp., an example of what’s called a special purpose acquisition company, or SPAC, which can give young companies quicker and easier routes to getting their shares trading publicly.
—Associated Press, TIME, 15 Feb. 2025
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Jonathan Vanian, CNBC, 9 Jan. 2026
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.
—Thomas Gounley, Denver Post, 10 Nov. 2025
The company went public through a merger with a special purpose acquisition company (SPAC) in March 2024.
—Todd Spangler, Variety, 15 Sep. 2025
Trump Media became publicly traded last March after merging with a shell company called Digital World Acquisition Corp., an example of what’s called a special purpose acquisition company, or SPAC, which can give young companies quicker and easier routes to getting their shares trading publicly.
—Associated Press, TIME, 15 Feb. 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 29 Jan. 2026.
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