SPNV

Supernova Partners Acquisition Company, Inc.

A blank-check company, also called a special purpose acquisition company (SPAC), created to take a private business public through a merger. Founded in 2020 by a team of seasoned investors and entrepreneurs — including Spencer Rascoff, a co-founder of the home-search site Zillow — it raised money from public investors and, in 2021, merged with Offerpad, a tech-enabled home-buying platform that buys and resells homes. The name nods to a stellar explosion, fitting for a firm built to help young companies burst onto the public markets.