SPAC

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See also: Spac, spać, and spáč

English

Alternative forms

Pronunciation

Noun

SPAC (plural SPACs)

  1. (business) Acronym of special-purpose acquisition company.
    Synonym: blank check company (informal)
    Hypernym: shell company
    • 2020 September 18, “A New Spin on SPACs”, in The New York Times‎, →ISSN:
      Their company, Reinvent Technology Partners, raised $600 million in an I.P.O. and started trading yesterday, posting one of the biggest one-day share price gains of any SPAC so far this year. That suggests that investors see promise in their approach, well before their vehicle finds a target company to merge with.

Verb

SPAC (third-person singular simple present SPACs, present participle SPACing, simple past and past participle SPACed)

  1. (business) To become a listed company via a merger with a special-purpose acquisition company.
    The startup SPACed and was listed on the Nasdaq stock exchange.

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