Company Overview - SPACSphere Acquisition Corp. is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities [2] - The company may pursue acquisition opportunities across various industries but will focus on sectors where it has core competencies, such as digital assets, technology, and healthcare [2] Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit, with trading expected to begin on February 6, 2026, under the ticker symbol "SSACU" [1] - 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 upon the consummation of an initial business combination [1] - The offering includes a 45-day option for underwriters to purchase up to an additional 2,250,000 units to cover over-allotments [4] - The offering is expected to close on February 9, 2026, subject to customary closing conditions [4] Management Team - The management team is led by Bala Padmakumar as Chief Executive Officer and Chairman, and Soumen Das as Chief Financial Officer and Director [3] - The Board includes Kathleen Cuocolo, Magnus Ryde, and Mark Platshon [3] - Norton Rose Fulbright US LLP serves as legal advisor to the company, while D. Boral Capital LLC acts as the sole book-running manager for the offering [3]
SPACSphere Acquisition Corp. Announces the Pricing of $150,000,000 Initial Public Offering