De-SPAC

De-SPAC is when a special purpose acquisition company (SPAC)—basically a blank-check shell company created to raise money—merges with a real 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 it's a faster, less regulated path to public markets, but it can carry extra risk since SPACs are often formed by sponsors with their own financial interests. For example, if TechCo Inc. merged with BlankCheck Acquisition Corp., that merger would be the de-SPAC event, and TechCo would then trade on the stock exchange under a new ticker.