SPACSphere Acquisition (NASDAQ: SSACU) announced the closing of its initial public offering of 17,250,000 units at $10.00 per unit, including 2,250,000 units issued pursuant to the full exercise of the underwriter’s over-allotment option, generating gross proceeds of $172.5 million. The units began trading on the Nasdaq Global Market on Feb. 6, 2026, under the symbol “SSACU,” with underlying Class A ordinary shares, warrants and share rights expected to trade separately as “SSAC,” “SSACW” and “SSACR,” respectively. An amount equal to $10.00 per unit was placed in trust, and the company will seek a merger or similar business combination, focusing on digital assets, technology and healthcare, with D. Boral Capital LLC acting as sole book-running manager.
To view the full press release, visit https://nnw.fm/Vmn1i
About SPACSphere Acquisition Corp.
SPACSphere Acquisition Corp. 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.
About NetworkNewsWire
NetworkNewsWire (“NNW”) is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled recognition and brand awareness. NNW is where breaking news, insightful content and actionable information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: https://www.NetworkNewsWire.com/Disclaimer
NetworkNewsWire
Austin, Texas
www.NetworkNewsWire.com
512.354.7000 Office
[email protected]
NetworkNewsWire is powered by IBN
