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

The stock went public through the special purpose acquisition company, or SPAC, process with an enterprise value around $700 million.

From Barron's

The stock went public through the special purpose acquisition company, or SPAC, process with an enterprise value around $700 million.

From Barron's

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