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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.

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

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

It went public in 2020 via a SPAC, or special purpose acquisition company, backed by big Wall Street private equity firm Apollo Global Management.

From Los Angeles Times • Mar. 28, 2024

The move was accomplished via what is known as a SPAC, a merger with a publicly listed shell company, Digital World Acquisition Corp, which was expressly created to buy a company and take it public.

From BBC • Mar. 26, 2024