SPACSphere Acquisition Corp (Nasdaq: SSACU) closed its initial public offering on Feb 9, 2026, selling 17,250,000 units at $10.00 each (including a 2,250,000-unit overallotment) for gross proceeds of $172,500,000. An amount equal to $10.00 per unit was deposited into a trust account.
Each unit comprises one Class A share, one-half warrant, and one Share Right; warrants exercisable at $11.50 per share. Units began trading Feb 6, 2026, and separate listings for SSAC, SSACW, and SSACR are expected when separable.
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Positive
Gross proceeds of $172,500,000 from the IPO
Full exercise of the 2,250,000-unit overallotment
Deposit of $10.00 per unit into a trust account
Units already trading on Nasdaq since Feb 6, 2026
Negative
Blank check structure creates near-term uncertainty for investors
No identified target; business combination timeline and terms unspecified
News Market Reaction
+0.10%
1 alert
+0.10%News Effect
On the day this news was published, SSACU gained 0.10%, reflecting a mild positive market reaction.
IPO units:17,250,000 unitsIPO price:$10.00 per unitOver-allotment units:2,250,000 units+5 more
8 metrics
IPO units17,250,000 unitsInitial public offering size including over-allotment
IPO price$10.00 per unitInitial public offering price
Over-allotment units2,250,000 unitsUnits sold via full exercise of underwriter’s over-allotment option
Gross proceeds$172,500,000Total gross proceeds from initial public offering
Trust deposit per unit$10.00 per unitAmount deposited into trust account upon closing
Warrant exercise price$11.50 per shareExercise price for each whole redeemable warrant
Warrant fraction1/2 warrant per unitEach unit includes one-half of one redeemable warrant
Share Right ratio1/5 share per rightEach right converts to one-fifth of one Class A ordinary share
Market Reality Check
Price:$10.03Vol:Volume 729,012 vs 20-day ...
low vol
$10.03Last Close
VolumeVolume 729,012 vs 20-day average 9,632,786 indicates subdued post-IPO trading.low
TechnicalPrice at 10.03, trading below 200-day MA at 10.02 per provided technical context.
Market Pulse Summary
This announcement confirms the closing of SPACSphere Acquisition Corp.’s IPO at $10.00 per unit, rai...
Analysis
This announcement confirms the closing of SPACSphere Acquisition Corp.’s IPO at $10.00 per unit, raising $172,500,000 and depositing $10.00 per unit into a trust account. Each unit’s mix of shares, warrants, and rights defines the capital structure investors must monitor. With a mandate to pursue a business combination in areas like digital assets, technology, and healthcare, future updates on target selection and deal terms will be key metrics to watch.
"including 2,250,000 units sold pursuant to the full exercise of the underwriter’s over-allotment option"
An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.
redeemable warrantfinancial
"one-half of one redeemable warrant, and one right (the “Share Right”)"
A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.
trust accountfinancial
"An amount equal to $10.00 per unit was deposited into a trust account upon the closing"
A trust account is a special bank or brokerage account where assets are held and managed by a designated person or firm (the trustee) for the benefit of another person or group (the beneficiary). It matters to investors because it separates assets from personal or corporate funds, can protect assets, control how and when money is used, and may affect tax or legal rights—think of it as a locked drawer opened only under agreed rules.
blank check companyfinancial
"The Company is a blank check company formed for the purpose of effecting a merger"
A blank check company is a publicly listed shell that raises money from investors before naming a specific business to buy or merge with, similar to handing a cashier a signed check and asking them to fill in the payee later. It matters to investors because it offers a faster, often cheaper path for private firms to become public, but carries extra risk since returns depend on the organizers’ ability to find a good deal and on limited information about the future business.
registration statementregulatory
"A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission"
A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.
U.S. Securities and Exchange Commissionregulatory
"filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on January 30, 2026"
The U.S. Securities and Exchange Commission is a government agency responsible for overseeing the stock market and protecting investors. It sets rules to ensure that companies share truthful information and that trading is fair, helping to maintain trust in the financial system. This oversight is important because it helps prevent fraud and ensures that investors can make informed decisions.
book-running managerfinancial
"D. Boral Capital LLC (“D. Boral”) is acting as the sole book-running manager for the offering"
A book-running manager is the lead organizer responsible for coordinating a large financial sale, such as issuing new stocks or bonds. They oversee preparing all necessary documents, setting the sale’s price, and finding buyers, much like a concert promoter arranging a major event. Their role matters to investors because they help ensure the offering is successfully sold at the best possible terms.
Nasdaq Global Markettechnical
"The units began trading on the Nasdaq Global Market (“Nasdaq”) on February 6, 2026"
The Nasdaq Global Market is a section of the stock exchange where larger, well-established companies are listed and publicly traded. It functions like a marketplace where investors can buy and sell shares of these companies, providing them with access to capital and opportunities for growth. Its role is important because it helps investors identify and invest in reputable companies with strong financial backgrounds.
AI-generated analysis. Not financial advice.
GRAND CAYMAN, Cayman Islands, Feb. 09, 2026 (GLOBE NEWSWIRE) -- SPACSphere Acquisition Corp. (the “Company”) (Nasdaq: SSACU) today announced the closing of its initial public offering of 17,250,000 units at a price of $10.00 per unit, including 2,250,000 units sold pursuant to the full exercise of the underwriter’s over-allotment option. The offering resulted in gross proceeds of $172,500,000. The units began trading on the Nasdaq Global Market (“Nasdaq”) on February 6, 2026, under the ticker symbol “SSACU.” Each unit consists of one Class A ordinary share, one-half of one redeemable warrant, and one right (the “Share Right”) to receive one-fifth (1/5) of one Class A ordinary share upon the consummation of an initial business combination. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Only whole warrants are exercisable. No fractional shares will be issued in connection with the exchange of Share Rights. An amount equal to $10.00 per unit was deposited into a trust account upon the closing of the offering. Once the securities comprising the units begin separate trading, we expect that the Class A ordinary shares, warrants, and Share Rights will be listed on the Nasdaq under the symbols “SSAC”, “SSACW”, and “SSACR”, respectively.
The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution but will focus on industries where the Company has core competencies and experiences, such as digital assets, technology, and healthcare industries.
The Company’s management team is led by Bala Padmakumar, its Chief Executive Officer and Chairman, and Soumen Das, its Chief Financial Officer and Director. In addition, the Board includes Kathleen Cuocolo, Magnus Ryde, and Mark Platshon. Norton Rose Fulbright US LLP is serving as legal advisor to the Company.
D. Boral Capital LLC (“D. Boral”) is acting as the sole book-running manager for the offering. Loeb & Loeb LLP is serving as legal advisor to D. Boral.
A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on January 30, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds will be used as indicated.
Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact:
SPACSphere Acquisition Corp. Soumen Das Chief Financial Officer
8795 Folsom Blvd. Sacramento, California 95826 (510) 201-0130
FAQ
How many units did SPACSphere (SSACU) sell in the IPO and what were proceeds?
The company sold 17,250,000 units for gross proceeds of $172,500,000. According to the company, this total includes the full 2,250,000-unit overallotment and reflects $10.00 per unit pricing, deposited into a trust account at closing.
What does each SPACSphere unit (SSACU) include and when did units begin trading?
Each unit includes one Class A share, one-half warrant, and one Share Right. According to the company, units began trading on Nasdaq on Feb 6, 2026, with separate listings for SSAC, SSACW, and SSACR expected later.
What is the warrant exercise price for SPACSphere (SSACW) and are fractions exercisable?
Each whole warrant entitles the holder to buy one Class A share at $11.50 per share. According to the company, only whole warrants are exercisable and fractional shares will not be issued on Share Right exchanges.
Who leads SPACSphere’s management and board as disclosed in the IPO announcement?
SPACSphere’s management is led by CEO and Chairman Bala Padmakumar and CFO Soumen Das. According to the company, the board also includes Kathleen Cuocolo, Magnus Ryde, and Mark Platshon, plus listed legal and banking advisors.
What industries will SPACSphere (SSACU) target for a business combination?
The company intends to focus on digital assets, technology, and healthcare industries for potential combinations. According to the company, it may pursue targets in any industry but will emphasize areas matching its stated core competencies.
