SPAC

abbreviation or noun

plural SPACs
: special purpose acquisition company
Wall Street's biggest gold rush of recent years, SPACs are listed shell companies that raise funds to acquire a private company and take it public, allowing targets to sidestep the more onerous paperwork and regulatory checks faced by traditional initial public offerings.Katanga Johnson
Although special purpose acquisition companies (SPACs) could potentially fill some of this capital-providing role, they tend to focus more on larger businesses.Will Rhind

Examples of SPAC 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.
Key Background Trump Media was formed in early 2021, shortly after Donald Trump left office, and went public in March 2024 via a merger with a SPAC—a shell company designed to take startups public. Zach Everson, Forbes.com, 27 May 2025 Forest Road execs were part of a special purpose acquisition company (SPAC) that had been in negotiations to launch an initial public offering for OnlyFans public in 2022. Todd Spangler, Variety, 23 May 2025 Social-investing and crypto broker eToro went public last week (after once trying to merge with a SPAC in early 2021), the stock rising more than 20% from the offer price. Michael Santoli, CNBC, 17 May 2025 The original data was derived from the A SPAC II Acquisition Corp. annual 10-K report dated March 27, 2025. Quartz Intelligence Newsroom, Quartz, 27 Mar. 2025 See All Example Sentences for SPAC

Word History

First Known Use

1993, in the meaning defined above

Time Traveler
The first known use of SPAC was in 1993

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Cite this Entry

“SPAC.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/SPAC. Accessed 31 May. 2025.

Last Updated: - Updated example sentences
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