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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.


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

See Examples For:

Ackman then turned his eyes to a spin on a SPAC, which he named a special-purpose acquisition rights company.

From The Wall Street Journal Mar. 10, 2026

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 Nov. 11, 2025

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 Oct. 8, 2025

As I wrote prior to the IPO, it was taken public via a special purpose acquisition company, or SPAC, a process that was often employed to circumvent government rules for disclosures to investors.

From Los Angeles Times Aug. 20, 2024

It’s an example of what’s called a special purpose acquisition company, or SPAC, which can give young companies quicker and easier routes to getting their shares trading publicly.

From Seattle Times May 20, 2024

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