Here are the 10-Q quarterly reports from SPACSphere Acquisition Corp. Rights (SSACR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SSACR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SSACR filings page.
SPACSphere Acquisition Corp. is a Cayman Islands SPAC that has not yet begun operating activities and is focused on completing an initial business combination. On May 29, 2026, it entered into a Business Combination Agreement to merge Mobilewalla Holdco, Inc. into a wholly owned subsidiary, with Mobilewalla becoming a direct subsidiary of SPACSphere upon closing.
As of June 30, 2026, total assets were $175.4 million, including $174.9 million of cash and marketable securities in a trust account, largely funded by the February 9, 2026 IPO of 17,250,000 units at $10.00 per unit. For the six months ended June 30, 2026, SPACSphere reported net income of $1,335,802, driven by $2,396,125 of interest income on trust investments, offset by $1,060,323 of general and administrative expenses.
The company held only $229,394 in cash equivalents outside the trust and had a working capital deficit of $556,535. Management discloses that limited liquidity and an obligation to complete a business combination within 15 months of the IPO, or by May 9, 2027, with mandatory liquidation if unsuccessful, raise substantial doubt about its ability to continue as a going concern. Management plans to address this by completing the proposed Mobilewalla transaction or another business combination.
SPACSphere Acquisition Corp. reported net income of $648,348 for the quarter ended March 31, 2026, driven mainly by interest earned on trust investments of $860,706 and offset by general and administrative expenses of $212,358.
The company completed its IPO on February 9, 2026, raising $172,500,000 from 17,250,000 units and an additional $2,794,650 from private placement securities. As of March 31, 2026, $173,360,706 was held in the Trust Account and cash equivalents outside the trust were $308,000.
SPACSphere remains a pre-revenue SPAC with no operating business yet and is still searching for a Business Combination target. Management discloses substantial doubt about the company’s ability to continue as a going concern, citing limited liquidity to fund operations for one year without completing a Business Combination.