SPAC

[es-pee-ey-see, spak]

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

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

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

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

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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.

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Talkspace, which provides online therapy and psychiatry services through a subscription-based model, went public via a special purpose acquisition company, or SPAC, in 2021, climbed briefly over $12, and now trades for $2.60.

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