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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.

Keeton jumped in and bought 200 shares of the SPAC.

From MarketWatch • Jun. 10, 2026

Oklo went public through OpenAI CEO Sam Altman’s special-purpose acquisition company, or SPAC, in 2024 and has a market cap near $9 billion.

From The Wall Street Journal • Mar. 28, 2026

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

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

From Barron's • Oct. 10, 2025

Founded in 2016 by auto designer Henrik Fisker, the company went public in 2020 via a SPAC, or special purpose acquisition company, backed by private equity firm Apollo Global Management.

From Los Angeles Times • Aug. 24, 2024

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