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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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.
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Christopher Perkins, Forbes.com, 1 July 2025
The company, which went public via a special purpose acquisition company, or SPAC, last year, now trades with a market capitalization of around $4.9 billion.
—Mackenzie Sigalos, CNBC, 23 June 2025
Five years later, CEC Entertainment tried to go public through a merger with a special purpose acquisition company.
—Amelia Lucas, CNBC, 10 Jan. 2025
But after going public via a merger with a special purpose acquisition company in 2021, the company struggled to generate recurring revenue and stand up viable research or therapeutics businesses.
—Ashley Capoot, NBC news, 27 May 2025
See All Example Sentences for special purpose acquisition company
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Christopher Perkins, Forbes.com, 1 July 2025
The company, which went public via a special purpose acquisition company, or SPAC, last year, now trades with a market capitalization of around $4.9 billion.
—Mackenzie Sigalos, CNBC, 23 June 2025
Five years later, CEC Entertainment tried to go public through a merger with a special purpose acquisition company.
—Amelia Lucas, CNBC, 10 Jan. 2025
But after going public via a merger with a special purpose acquisition company in 2021, the company struggled to generate recurring revenue and stand up viable research or therapeutics businesses.
—Ashley Capoot, NBC news, 27 May 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 22 Jul. 2025.
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