SPAC

See also: Spac, spać, and spáč

English

Alternative forms

• Spac

Pronunciation

• IPA^(key): /spæk/

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^[1], →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.

Anagrams

• APCs, CAPS, CAPs, CPAs, CPSA, PACS, PACs, PCAs, SCAP, SPCA, caps, caps., scap