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
Trump Media went public on the Nasdaq on March 26 this year through a merger with shell company Digital World Acquisition Corp., a special purpose acquisition company, or SPAC.
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Kinsey Crowley, USA TODAY, 31 May 2024
Ginkgo began publicly trading in 2021 after merging with a special purpose acquisition company.
—Jonathan Saltzman — Boston Globe, STAT, 20 June 2024
The company, formed through a special purpose acquisition company (SPAC), contracted Canadian firm Magna to manufacture its cars.
—Kevin Purdy, Ars Technica, 18 June 2024
The startup went public in 2020 as part of the wave of EV companies to benefit from the pandemic era boom in special purpose acquisition companies.
—Sasha Rogelberg, Fortune, 18 June 2024
See all Example Sentences for special purpose acquisition company 
Kinsey Crowley, USA TODAY, 31 May 2024
Ginkgo began publicly trading in 2021 after merging with a special purpose acquisition company.
—Jonathan Saltzman — Boston Globe, STAT, 20 June 2024
The company, formed through a special purpose acquisition company (SPAC), contracted Canadian firm Magna to manufacture its cars.
—Kevin Purdy, Ars Technica, 18 June 2024
The startup went public in 2020 as part of the wave of EV companies to benefit from the pandemic era boom in special purpose acquisition companies.
—Sasha Rogelberg, Fortune, 18 June 2024
See all Example Sentences for special purpose acquisition company
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'special purpose acquisition company.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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“Special purpose acquisition company.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/special%20purpose%20acquisition%20company. Accessed 27 Jul. 2024.
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