SPACSphere (SSACU) CEO shows 5.25M Class B founder shares via sponsor

Rhea-AI Filing Summary

SPACSphere Acquisition Corp. director, CEO and chairman Bala Padmakumar filed an initial ownership statement showing indirect beneficial ownership of 5,250,000 Class B ordinary "Founder Shares" through SPACSphere Sponsor LLC. These Class B shares automatically convert into Class A ordinary shares on a one-for-one basis upon, or prior to, the initial business combination.

The Sponsor initially held 5,750,000 Founder Shares and sold or transferred 500,00 Founder Shares to direct institutional investors in a private placement that closed with the IPO. Padmakumar and SPACCatalyst LLC are the sole managing members of the Sponsor and hold voting and investment discretion, while SPACCatalyst LLC and the individual managers disclaim beneficial ownership except to the extent of any pecuniary interest.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Padmakumar Bala

(Last) (First) (Middle)

8795 FOLSOM BLVD

(Street)

SACRAMENTO CA 95826

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/30/2026

3. Issuer Name and Ticker or Trading Symbol
SPACSphere Acquisition Corp. [ SSAC ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO & Chairman

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Ordinary Shares(2)	(1)	(1)	Class A Ordinary Shares	5,250,000(2)	(1)	I	See footnote(2)

Explanation of Responses:

1. As described in the registration statement on Form S-1 (File No. 333-290414) of SPACSphere Acquisition Corp. (the "Issuer") under the heading "Description of Securities-Founder Shares," the Class B ordinary shares ("Founder Shares") will automatically convert into shares of Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date.

2. These shares represent the Founder Shares held by SPACSphere Sponsor LLC (the "Sponsor"). The Sponsor held 5,750,000 shares at the effectiveness of the Issuer's registration statement. Upon the closing of a private placement that closed simultaneously with the initial public offering, the Sponsor sold, assigned and transferred an aggregate of 500,00 Founder Shares to the direct institutional investors. Bala Padmakumar and SPACCatalyst LLC are the sole managing members of the Sponsor and hold voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. Through their control of SPACCatalyst LLC, each of Messrs. Das and Patel may be deemed to share voting and investment discretion with respect to such shares held indirectly by SPACCatalyst LLC. Each of SPACCatalyst LLC and Messrs. Padmakumar, Das and Patel disclaim beneficial ownership of any shares other than to the extent they may have a pecuniary interest therein, directly or indirectly.

	/s/ Bala Padmakumar	02/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What does the SPACSphere Acquisition Corp. (SSACU) Form 3 filing report?

The Form 3 reports initial beneficial ownership for CEO and chairman Bala Padmakumar. It shows indirect holdings of Class B ordinary "Founder Shares" through SPACSphere Sponsor LLC, establishing his starting ownership position as a director, officer, and 10% owner of SPACSphere Acquisition Corp..

How many SPACSphere Founder Shares are indirectly owned according to the Form 3?

The filing shows indirect beneficial ownership of 5,250,000 Class B ordinary Founder Shares. These shares are held of record by SPACSphere Sponsor LLC, with Padmakumar’s interest arising through his role as a sole managing member with voting and investment discretion over those Sponsor-held shares.

How do SPACSphere Class B Founder Shares convert into Class A shares?

The Class B ordinary Founder Shares automatically convert into Class A ordinary shares on a one-for-one basis. Conversion occurs at the time of SPACSphere’s initial business combination or earlier at the holder’s option, subject to specified adjustments, and the Class B shares have no expiration date.

Who actually holds the SPACSphere Founder Shares reported in this Form 3?

The Form 3 states the Founder Shares are held by SPACSphere Sponsor LLC. The Sponsor initially held 5,750,000 Founder Shares, then sold or transferred 500,00 in a private placement, leaving 5,250,000 shares over which the managing members exercise voting and investment discretion.

Does Bala Padmakumar personally own all the SPACSphere Founder Shares reported?

The filing explains the shares are held by SPACSphere Sponsor LLC, not directly by Padmakumar. He and SPACCatalyst LLC manage the Sponsor and may be deemed to share discretion, but they disclaim beneficial ownership beyond any pecuniary interest they may hold.

What prior changes to SPACSphere Founder Shares holdings are described?

The Sponsor held 5,750,000 Founder Shares at the registration statement’s effectiveness. Upon closing a private placement with the IPO, it sold, assigned and transferred an aggregate of 500,00 Founder Shares to direct institutional investors, leaving 5,250,000 shares reported on this Form 3.