SPAC

American  

[es-pee-ey-see, spak] / ˈɛsˈpiˈeɪˈsi, spæk /

noun

Finance, Investing.

1. special-purpose acquisition company: a company set up solely to raise capital in order to invest in or purchase an existing company.

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Example Sentences

And General Fusion, a next-generation nuclear company backed by Jeff Bezos, agreed to go public through a merger with a special purpose acquisition company, or SPAC.

From Barron's

Kodiak AI’s shares dropped 7.9% in premarket trading to $7.37 after its first quarterly report post-merger with a SPAC.

From Barron's

BigBear’s losses haven’t consistently narrowed since its went public via a 2021 merger with a special-purpose acquisition company, or SPAC.

From Barron's

The company, which went public via a SPAC, raised $130 million to fund its first reactor.

From Barron's

She said Cantor has no nonpublic information about the administration’s initiatives and noted that the firm was the underwriter, not the sponsor of the SPAC.

From The Wall Street Journal