SPAC

abbreviation or noun

plural SPACs
: special purpose acquisition company
Wall Street's biggest gold rush of recent years, SPACs are listed shell companies that raise funds to acquire a private company and take it public, allowing targets to sidestep the more onerous paperwork and regulatory checks faced by traditional initial public offerings.Katanga Johnson
Although special purpose acquisition companies (SPACs) could potentially fill some of this capital-providing role, they tend to focus more on larger businesses.Will Rhind

Examples of SPAC in a Sentence

Recent Examples on the Web
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At its height, the company raised over a billion, going public through a SPAC merger during the 2021 frenzy. Samantha Subin, CNBC, 29 May 2026 Among other distinctions, de-SPAC transactions were permitted to use forward-looking financial projections protected by safe harbor—a right denied to traditional IPO filers. Shivaram Rajgopal, Forbes.com, 24 May 2026 But the real action took place earlier this month, when Enhanced Ltd merged with A Paradise Acquisition Corp in what is known as a de-SPAC transaction. Matt Slater, New York Times, 23 May 2026 Peretti co-founded the site in 2006 and took it public in a SPAC merger in 2021. Jill Goldsmith, Deadline, 11 May 2026 See All Example Sentences for SPAC

Word History

First Known Use

1993, in the meaning defined above

Time Traveler
The first known use of SPAC was in 1993

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Cite this Entry

“SPAC.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/SPAC. Accessed 31 May. 2026.

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