SPAC

Special purpose vehicles - acquisitions.

Abbreviation for Special Purpose Acquisition Company.

SPACs are companies formed to:

(1) Raise money from investors, and then

(2) Use the money raised to acquire another operating business.

See also

• Acquisition
• Cash shell
• Company
• Conduit
• Entity
• Financial Conduct Authority (FCA)
• Operating company
• Special Purpose Entity
• Special purpose vehicle
• Sponsor
• SSPE