SPAC
noun/spæk/
/spæk/
[countable, uncountable] (also blank check company)
- a company set up on the stock exchange (= a place where shares are bought and sold) with the purpose of acquiring a private company (the abbreviation for ‘special purpose acquisition company’)
在证券交易所（=股票买卖的地方）设立的公司，其目的是收购一家私人公司（“特殊目的收购公司”的缩写） - SPACs have no underlying business of their own.
SPAC 没有自己的基础业务。 - In recent years there has been a boom in IPOs and SPAC mergers.
近年来，IPO和SPAC合并蓬勃发展。
- SPACs have no underlying business of their own.