spac
/ˈɛsˌpæk/
Word Rarity
Very rare
Frequency: Zipf frequency 1.87 in modern English
8
Scrabble Score
4
Letters
1
Syllables
4
Unique Chars
Meaning
noun
Acronym of special-purpose acquisition company.
verb
To become a listed company via a merger with a special-purpose acquisition company.
noun
Alternative letter-case form of SPAC.
Example Sentences
- "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."
- "The startup SPACed and was listed on the Nasdaq stock exchange."
- "Perhaps more notably, they also expect 25 percent of all Spac acquisitions to be vetoed by shareholders in 2008 — which will force those Spacs to liquidate."
Inflected Forms
Synonyms
blank check company[Appendix:Glossary