Business Pitch Dictionary by pitch.dog
Exits, liquidity & investor returns · Working

De-SPAC

Also called: SPAC merger

ELI5

A private company becomes public by merging with a SPAC.

Used in conversation

“The de-SPAC requires investor and regulatory disclosures.”

Definition

The transaction through which a SPAC combines with an operating company, making it publicly traded.

Here “De-SPAC” means: The transaction through which a SPAC combines with an operating company, making it publicly traded.

Pitch context

You will see “De-SPAC” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches exits, liquidity & investor returns.

Why it matters: In exits, liquidity & investor returns, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 6

Direct term-level sources and supporting source families.