SPACSphere Acquisition Corp. (SSAC) and Mobilewalla agreed to a definitive business combination that would take Mobilewalla public through a SPAC merger. The transaction ascribes a $250 million pre-money equity value to Mobilewalla and contemplates approximately $172.5 million of cash held in SSAC’s trust at closing, based on trust value per share as of March 13, 2026.
The boards of both parties approved the deal and expect closing in the second half of 2026, subject to shareholder approvals and customary closing conditions. The combined company would be named Mobilewalla, Inc. and seek listing of common stock and public warrants on a U.S. national exchange. Parties anticipate an additional $10 million commitment from institutional investors affiliated with Mobilewalla.
SPACSphere Acquisition Corp. (SSAC) and Mobilewalla announced a definitive agreement to combine, which would make Mobilewalla a publicly traded company upon closing. The communication states the parties expect the transaction to close in the second half of 2026 and that a Registration Statement on Form S-4 will be filed with the SEC.
The message emphasizes Mobilewalla's product strength (a 94% retention rate), the need for capital to scale go-to-market and engineering, and directs inquiries to a designated email while noting all forward-looking statements and customary securities disclosures.
SPACSphere Acquisition Corp. and Mobilewalla Holdco, Inc. announced a proposed business combination under which Mobilewalla would become a Nasdaq‑listed public company upon closing. The proposed transaction values Mobilewalla at a pro forma enterprise value of $250 million. The parties say the SPAC route is intended to provide a faster capital‑raising path and liquidity for existing shareholders; closing remains subject to customary conditions, including shareholder approvals and regulatory clearances.
SPACSphere Acquisition Corp. (SSAC) and Mobilewalla announced a proposed business combination that would take Mobilewalla public and list it on a U.S. national exchange. The transaction values Mobilewalla at a pro forma enterprise value of $250 million and will be pursued through a Registration Statement on Form S-4, subject to shareholder and regulatory approvals.
The companies caution these are forward-looking statements and note completion depends on customary conditions, proxy processes, and SEC filings.
SPACSphere Acquisition Corp. and Mobilewalla announced a signed Business Combination Agreement to combine, which, if completed, will result in the combined company being named Mobilewalla and listed on a U.S. national exchange. The parties expect the transaction to complete in the second half of 2026, subject to stockholder approvals, regulatory reviews, and customary closing conditions.
The companies will file customary SEC materials including an Form S-4 and related proxy/prospectus and SSAC will file an Form 8-K. The communication reiterates customary forward-looking statement risks and advises stakeholders to review the Registration Statement and proxy materials when available.
SPACSphere Acquisition Corp. entered into a Business Combination Agreement with Mobilewalla Holdco, Inc. to domesticate SPACSphere to Delaware and effect a merger in which Mobilewalla will become a wholly owned subsidiary of the combined company, to be renamed COVARIATE, INC.
The agreement sets an Exchange Ratio equal to 25,000,000 divided by the Company Fully Diluted Capital Stock, contemplates issuance of New SPACSphere Common Stock and New SPACSphere Warrants (exercise price $11.50), and includes customary closing conditions, shareholder approvals and a committed senior loan of not less than $10,000,000 to be funded at Closing.
SPACSphere Acquisition Corp. entered into a definitive Business Combination Agreement to merge with Mobilewalla Holdco, Inc., a data and vertical agentic AI company. A SPACSphere subsidiary will merge into Mobilewalla, which will become a wholly owned subsidiary.
Before closing, SPACSphere plans to convert its Class B shares into Class A, domesticate from the Cayman Islands to Delaware, and reclassify its securities into New SPACSphere common stock, warrants and rights. After the transaction, SPACSphere will be renamed COVARIATE, INC., with Mobilewalla shareholders receiving New SPACSphere common stock based on an exchange ratio tied to 25,000,000 shares over fully diluted Mobilewalla equity.
Closing is subject to shareholder approvals, SEC effectiveness of a Form S-4 registration statement, Nasdaq listing approvals and customary conditions, including Mobilewalla securing at least $10,000,000 of senior loan financing and efforts to raise additional private capital. Both sides agreed to exclusivity, and key Mobilewalla holders and the SPAC sponsor signed support agreements committing to vote for the deal.