special purpose acquisition company
noun
plural special purpose acquisition companies
: a corporate shell (see shell entry 1 sense 11) set up by investors for the sole purpose of raising money through an initial public offering to acquire another business yet to be determined : blank check company
—abbreviation SPAC
Examples of special purpose acquisition company in a Sentence
Recent Examples on the Web
But after going public via a merger with a special purpose acquisition company in 2021, the company struggled to generate recurring revenue and stand up viable research or therapeutics businesses.
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Ashley Capoot, NBC news, 27 May 2025
The investments known as special purpose acquisition companies were all the rage in 2021.
—Andrew Ross Sorkin, New York Times, 20 May 2025
The five-time CNBC Disruptor 50 company went public in 2021 via a merger with a special purpose acquisition company.
—Ashley Capoot, CNBC, 19 May 2025
Hall of Fame Resort & Entertainment went public in 2020 in a special purpose acquisition company (SPAC) merger.
—Brendan Coffey, Sportico.com, 8 May 2025
See All Example Sentences for special purpose acquisition company
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Ashley Capoot, NBC news, 27 May 2025
The investments known as special purpose acquisition companies were all the rage in 2021.
—Andrew Ross Sorkin, New York Times, 20 May 2025
The five-time CNBC Disruptor 50 company went public in 2021 via a merger with a special purpose acquisition company.
—Ashley Capoot, CNBC, 19 May 2025
Hall of Fame Resort & Entertainment went public in 2020 in a special purpose acquisition company (SPAC) merger.
—Brendan Coffey, Sportico.com, 8 May 2025
See All Example Sentences for special purpose acquisition company
Cite this Entry
“Special purpose acquisition company.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/special%20purpose%20acquisition%20company. Accessed 13 Jun. 2025.
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