Group 1 - The Company, SPACSphere Acquisition Corp., closed its initial public offering of 17,250,000 units at a price of $10.00 per unit, resulting in gross proceeds of $172,500,000 [1] - The units began trading on the Nasdaq Global Market under the ticker symbol "SSACU" on February 6, 2026, and consist 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] - An amount equal to $10.00 per unit was deposited into a trust account upon the closing of the offering, with expectations for separate trading of Class A ordinary shares, warrants, and Share Rights under the symbols "SSAC", "SSACW", and "SSACR" respectively [1] Group 2 - The Company 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, focusing on industries such as digital assets, technology, and healthcare [2] - The management team is led by Bala Padmakumar as CEO and Chairman, and Soumen Das as CFO and Director, with additional board members including Kathleen Cuocolo, Magnus Ryde, and Mark Platshon [3] - D. Boral Capital LLC is acting as the sole book-running manager for the offering, while Norton Rose Fulbright US LLP and Loeb & Loeb LLP serve as legal advisors [3]
SPACSphere Acquisition Corp. Announces the Closing of $172,500,000 Initial Public Offering