De-SPAC

De-SPAC is the moment 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 the stock market, but it also comes with extra risk since SPACs are unproven vehicles. For example, if TechCo Inc. merges with BlankCheck Holdings Corp., that merger event is the de-SPAC, and TechCo's shares then trade publicly under a new ticker.