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, or merge with, another operating business.

See also

• Acquisition
• De-SPAC
• Special Purpose Acquisition Company

Other resources

• Changes to Listing Rules applying to SPACs - FCA - July 2021
• Disclosure & investor protection guidance on SPACs - ESMA - July 2021