Every 8-K that SPACSphere Acquisition Corp. Unit (SSACU) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SSACU 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 SSACU filings page.
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.
SPACSphere Acquisition Corp. announced that holders of its units from the initial public offering may begin separately trading the underlying securities on or about February 27, 2026. Each unit consists of one Class A ordinary share, one-half of one redeemable warrant, and one right to receive one-fifth of one Class A ordinary share.
Separated Class A ordinary shares, warrants, and rights are expected to trade on Nasdaq under the symbols SSAC, SSACW, and SSACR, while units will continue under SSACU. No fractional warrants will be issued, and only whole warrants will trade, with unit holders working through their brokers and the transfer agent to separate holdings.
SPACSphere Acquisition Corp. completed its initial public offering of 17,250,000 units at $10.00 per unit, raising gross proceeds of $172,500,000. Each unit includes one Class A ordinary share, half of a redeemable warrant, and one-fifth of a right to receive a Class A share.
The company placed $172,500,000 of IPO and private placement proceeds into a trust account for the benefit of public shareholders. An additional private placement of 279,465 units and 768,529 restricted Class A shares to the sponsor and institutional investors generated $2,794,650.
The accompanying audited balance sheet shows total assets of $173,223,875, almost entirely the cash held in trust. Outside the trust, SPACSphere held $552,082 in cash equivalents and had working capital of $488,828, while transaction costs totaled $14,280,684 and deferred underwriting fees were $12,075,000.
The independent auditor issued a going concern paragraph, noting that SPACSphere does not have sufficient cash and working capital to sustain operations without completing a business combination. The SPAC has 15 months from the IPO closing, subject to any extensions, to consummate a deal or redeem public shares and liquidate.
SPACSphere Acquisition Corp. completed its initial public offering of 17,250,000 units at $10.00 per unit, generating gross proceeds of $172,500,000. Each unit includes one Class A ordinary share, one-half of one redeemable warrant, and one right to receive one-fifth of one Class A ordinary share.
The company also sold 279,465 private placement units and 768,529 restricted Class A ordinary shares for $2,794,650 in a private offering exempt from registration. A total of $172,500,000 from the IPO and private placements was deposited into a U.S.-based trust account, to be used for a future business combination or returned to public shareholders if no deal is completed within 15 months of the IPO closing.