De-SPAC

De-SPAC is when a special purpose acquisition company (SPAC)—basically a blank-check shell company created to raise money—merges with an actual operating business and becomes a regular public company. You'll see this term in SEC filings and news when a private company "goes public" through a SPAC instead of a traditional IPO. It matters because SPACs became a popular shortcut for companies to list on stock exchanges faster, though they've faced more scrutiny in recent years. For example, if TechStartup Inc. merged with BlankCo SPAC, that merger would be the de-SPAC event, and TechStartup's shares would then trade publicly under a new ticker symbol.