Meaning of SPAC | Babel Free

Definitions

1. Acronym of special-purpose acquisition company.
   abbreviation, acronym, alt-of
2. Alternative letter-case form of SPAC.
   alt-of

Examples

“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.”

“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.”

CEFR level