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
EToro had previously filed to go public in 2021 through a merger with a special purpose acquisition company, or SPAC, that would have valued it at more than $10 billion.
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Samantha Subin, CNBC, 14 May 2025
The new entity will go public via a merger with Cantor Equity Partners (CEP), a special purpose acquisition company (SPAC) sponsored by an affiliate of Cantor (also Tether’s investor and custodian), at a $3.6 billion pro-forma enterprise value.
—Nina Bambysheva, Forbes.com, 23 Apr. 2025
In 2021, the company went public through a special purpose acquisition company (SPAC) merger and was valued at around $3.5 billion.
—Bruce Gil, Quartz, 29 Jan. 2025
Other StubHub competitors include Vivid Seats, which was taken public via a special purpose acquisition company in 2021, and Live Nation.
—Annie Palmer,ari Levy, CNBC, 21 Mar. 2025
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Samantha Subin, CNBC, 14 May 2025
The new entity will go public via a merger with Cantor Equity Partners (CEP), a special purpose acquisition company (SPAC) sponsored by an affiliate of Cantor (also Tether’s investor and custodian), at a $3.6 billion pro-forma enterprise value.
—Nina Bambysheva, Forbes.com, 23 Apr. 2025
In 2021, the company went public through a special purpose acquisition company (SPAC) merger and was valued at around $3.5 billion.
—Bruce Gil, Quartz, 29 Jan. 2025
Other StubHub competitors include Vivid Seats, which was taken public via a special purpose acquisition company in 2021, and Live Nation.
—Annie Palmer,ari Levy, CNBC, 21 Mar. 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 28 May. 2025.
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