They were helped by frenzied market activity, such as the surge in special purpose acquisition companies (SPACs) and retail investing.

他们得益于狂热的市场活动，如特殊目的收购公司(spacs)和零售投资的激增。

He has a Spac, a special purpose acquisition company.

他有一家 Spac， 一家特殊目的的收购公司。

And that is that they go public with a Spac or special purpose acquisition company.

那就是他们与 Spac 或特殊目的收购公司一起上市。

Those are special purpose acquisition companies, basically shell companies that collect investor money, list on the stock market and then seek out companies to take public via merger.

这个项目全称是特殊目的的收购公司，就是收集投资者资金的空壳公司，在股票市场上市，然后寻找公司通过合并上市。