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Exit Planning Tools
- Day Zero Guide
- Aha Planner
Community
- The Grid

A California based company on a mission to grow the wealth of everyday Americans. Zolidar is the easy button for employee ownership.

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👋 Meet Zolid AI

Here to support your company's exit journey — Zolid AI can answer questions and provide insights. Free for now, with fair usage limits.

Your conversations are not shared with others. We may review them to improve Zolid AI.

Ask me anything

Zolid AI may provide inaccurate info, so verify responses.

Definition of Special Purpose Acquisition Company on The Grid Glossary

Special Purpose Acquisition Company

Also known as: SPAC

Published on 2024-07-22 | Last edited on 2024-09-08

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Definition

A Special Purpose Acquisition Company (SPAC), also known as a blank check company, is formed solely to raise funds through an initial public offering (IPO) for the purpose of acquiring an existing company.

Special Purpose Acquisition Company

Definition

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