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

Oklo went public through OpenAI CEO Sam Altman’s special-purpose acquisition company, or SPAC, in 2024 and has a market cap near $9 billion.

From The Wall Street Journal • Mar. 28, 2026

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 • Nov. 11, 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

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

Truth Social will go public via a merger with a special purpose acquisition company, or SPAC, called Digital World Acquisition Co.

From Los Angeles Times • Mar. 22, 2024