Definition, Meaning & Anagrams | English word SPAC
SPAC
Definitions of SPAC
- (business) Acronym of special-purpose acquisition company.
- (business) To become a listed company via a merger with a special-purpose acquisition company.
- Alternative letter-case form of SPAC.
Number of letters
4
Is palindrome
No
Examples of Using SPAC in a Sentence
- In February 2022, it was announced that Cryptocurrency exchange Binance would acquire a $200 million stake in Forbes as a result of the SPAC flotation.
- Some aerospace startups, such as Rocket Lab, have gone public via special-purpose acquisition company, but their SPAC values have been affected by market volatility.
- To allow for stockholders of the SPAC to make an informed decision on whether they wish to approve the business combination, the company must make full disclosure to stockholders of the target business, including complete audited financials, and terms of the proposed business combination via an SEC merger proxy statement.
- He is on three public company boards that include Colony Capital (NYSE: CLNY) and SL Green (NYSE: SLG), two of the country's largest REITs, as well as Subversive Capital Acquisition Corp, a SPAC that is expected to convert into a REIT during 2020 and trades on the Canadian NEO stock exchange.
- Under the leadership of the Englishman Charles William Miller representing the São Paulo Athletic Club (SPAC), Paulistano, together with SC Internacional, AA Mackenzie College and SC Germânia founded in 1901 the Liga Paulista de Foot-Ball (LPF), the first football league in Brazil.
- Gores is considered one of the most prolific investors in the SPAC space, having created 13 SPACs, more than any other single investor, and The Gores Group is considered a premier SPAC sponsor.
- In February 2021, the company entered an agreement to merge with Beachbody and Myx Fitness Holdings, and also filed for an IPO for a second SPAC, Forest Road Acquisition Corp II (FRXB), of which Mayer and Staggs were co-chairs and co-CEOs.
- In November 2021 the Financial Times reported that Shorthouse had joined the board of Hambro Perks Acquisition Company, the first-ever Special-purpose acquisition company (SPAC) to be listed on the London Stock Exchange.
- During the GameStop short squeeze, Palihapitiya repeatedly attacked Robinhood and its founders for being unethical by selling payment for order flow to HFT firms like Citadel Securities and pushed his fans to switch over to SoFi, which was merging with his SPAC yet failed to mention that SoFi employs the same practice of selling payment for order flow to HFT firms (including to Citadel Securities) and owns a 16% stake in Apex Clearing Corp, a clearing house involved in the controversy.
- On December 30, 2020 the SPAC announced plans to merge with global financial advisory firm Perella Weinberg Partners to take the firm public (NASDAQ: PWP); the transaction reflects implied equity value for the reorganized company of ~$975 million.
- In parallel, French carmaker Citroen had developed its design system SPAC (system de programmatic automatique Citroen) as part of its CAD/CAM solution SADUSCA (aid systems for the defining and the machining of bodywork surfaces), both based on the 1959 mathematical works of Paul de Casteljau.
- SPAC created 'safe houses', also nicknamed 'trap houses' (short for 'Take Risks and Prosper', a co-opting of the American slang 'trap house', meaning 'drug house'), for members of the church to live in.
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