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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
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 Its stock, which was worth more than $10 a share right before the company went public through a special purpose acquisition company, or SPAC, merger last year now trades for less than a quarter. Ben Wieder and, Miami Herald, 17 Jan. 2025 See All Example Sentences for special purpose acquisition company

Word History

First Known Use

1994, in the meaning defined above

Time Traveler
The first known use of special purpose acquisition company was in 1994

Browse Nearby Words

See all Nearby Words

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 May. 2025.

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!