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 big Truth Social merger hits the stock Trump’s Truth Social took a step toward merging with Digital World Acquisition Corp, a company that’s known as a special purpose acquisition company, or SPAC.
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Vinamrata Chaturvedi, Quartz, 22 Mar. 2024
The company eventually went public in 2021 through a combination with a special purpose acquisition company, two years after its initially planned IPO.
—Ethan M Steinberg, Fortune, 7 Nov. 2023
Trading in Trump Media & Technology Group -- which uses the ticker symbol DJT -- began on the Nasdaq Tuesday morning after last week's vote for a merger between Trump Media and special purpose acquisition company Digital World Acquisition Corporation.
—Peter Charalambous, ABC News, 26 Mar. 2024
Digital World is a special purpose acquisition company (SPAC), also called a blank check company.
—Jessica Guynn, USA TODAY, 25 Mar. 2024
Friday’s vote by investors in Digital World Acquisition authorized the special purpose acquisition company, or SPAC, to merge with Trump Media & Technology Group as part of a process that will avoid a more traditional public offering.
—Drew Harwell, Washington Post, 22 Mar. 2024
That year, WeWork went public in a merger with a special purpose acquisition company, a deal that revealed a lot about Neumann’s wealth.
—Tori Latham, Robb Report, 9 Nov. 2023
Trump stake could be worth $4 billion Shares of Digital World, a special purpose acquisition company, or SPAC, spiked 15% on the major milestone.
—Matt Egan, CNN, 15 Feb. 2024
Polestar complied, announcing in September 2021 plans to go public via a reverse merger with Gores Guggenheim, a special purpose acquisition company (SPAC).
—Christiaan Hetzner, Fortune, 24 Jan. 2024
Vinamrata Chaturvedi, Quartz, 22 Mar. 2024
The company eventually went public in 2021 through a combination with a special purpose acquisition company, two years after its initially planned IPO.
—Ethan M Steinberg, Fortune, 7 Nov. 2023
Trading in Trump Media & Technology Group -- which uses the ticker symbol DJT -- began on the Nasdaq Tuesday morning after last week's vote for a merger between Trump Media and special purpose acquisition company Digital World Acquisition Corporation.
—Peter Charalambous, ABC News, 26 Mar. 2024
Digital World is a special purpose acquisition company (SPAC), also called a blank check company.
—Jessica Guynn, USA TODAY, 25 Mar. 2024
Friday’s vote by investors in Digital World Acquisition authorized the special purpose acquisition company, or SPAC, to merge with Trump Media & Technology Group as part of a process that will avoid a more traditional public offering.
—Drew Harwell, Washington Post, 22 Mar. 2024
That year, WeWork went public in a merger with a special purpose acquisition company, a deal that revealed a lot about Neumann’s wealth.
—Tori Latham, Robb Report, 9 Nov. 2023
Trump stake could be worth $4 billion Shares of Digital World, a special purpose acquisition company, or SPAC, spiked 15% on the major milestone.
—Matt Egan, CNN, 15 Feb. 2024
Polestar complied, announcing in September 2021 plans to go public via a reverse merger with Gores Guggenheim, a special purpose acquisition company (SPAC).
—Christiaan Hetzner, Fortune, 24 Jan. 2024
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.
Dictionary Entries Near 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 23 Apr. 2024.
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