spac

Not valid in Scrabble

It's a recognised English word, but it isn't in the official NASPA Scrabble word list.

Pronunciation

/spæk/

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/spæk/ · /ˈɛsˌpæk/

Definition of spac

3 senses · 2 parts of speech

noun

(abbreviation, acronym, alt-of)Acronym of special-purpose acquisition company.

“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.”

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noun

(abbreviation, acronym, alt-of)Acronym of special-purpose acquisition company.

“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.”
(alt-of)Alternative letter-case form of SPAC.

“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.”

verb

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.”

Definitions from Wiktionary, CC BY-SA.

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