{"id":935394,"date":"2026-02-09T18:01:08","date_gmt":"2026-02-09T23:01:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/spacsphere-acquisition-corp-announces-the-closing-of-172500000-initial-public-offering\/"},"modified":"2026-02-09T18:01:08","modified_gmt":"2026-02-09T23:01:08","slug":"spacsphere-acquisition-corp-announces-the-closing-of-172500000-initial-public-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/spacsphere-acquisition-corp-announces-the-closing-of-172500000-initial-public-offering\/","title":{"rendered":"SPACSphere Acquisition Corp. Announces the Closing of $172,500,000 Initial Public Offering"},"content":{"rendered":"<div class=\"mw_release\">\n<p>GRAND CAYMAN, Cayman Islands, Feb.  09, 2026  (GLOBE NEWSWIRE) &#8212; SPACSphere Acquisition Corp. (the \u201cCompany\u201d) (Nasdaq: SSACU) today announced the closing of its initial public offering of 17,250,000 units at a price of $10.00 per unit, including 2,250,000 units sold pursuant to the full exercise of the underwriter\u2019s over-allotment option. The offering resulted in gross proceeds of $172,500,000. The units began trading on the Nasdaq Global Market (\u201cNasdaq\u201d) on February 6, 2026, under the ticker symbol \u201cSSACU.\u201d Each unit consists of one Class A ordinary share, one-half of one redeemable warrant, and one right (the \u201cShare Right\u201d) to receive one-fifth (1\/5) of one Class A ordinary share upon the consummation of an initial business combination. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Only whole warrants are exercisable. No fractional shares will be issued in connection with the exchange of Share Rights. An amount equal to $10.00 per unit was deposited into a trust account upon the closing of the offering. Once the securities comprising the units begin separate trading, we expect that the Class A ordinary shares, warrants, and Share Rights will be listed on the Nasdaq under the symbols \u201cSSAC\u201d, \u201cSSACW\u201d, and \u201cSSACR\u201d, respectively.<\/p>\n<p>The Company 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.<\/p>\n<p>The Company\u2019s 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. Norton Rose Fulbright US LLP is serving as legal advisor to the Company.<\/p>\n<p>D. Boral Capital LLC (\u201cD. Boral\u201d) is acting as the sole book-running manager for the offering. Loeb &amp; Loeb LLP is serving as legal advisor to D. Boral.<\/p>\n<p>A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (\u201cSEC\u201d) and became effective on January 30, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p>This press release contains statements that constitute \u201cforward-looking statements,\u201d including with respect to the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds will be used as indicated.<\/p>\n<p>Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the \u201cRisk Factors\u201d section of the Company\u2019s registration statement and prospectus for the Company\u2019s initial public offering filed with the SEC. Copies of these documents are available on the SEC\u2019s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.<\/p>\n<p>\n        <strong>Contact:<\/strong>\n      <\/p>\n<p>SPACSphere Acquisition Corp.<br \/>Soumen Das<br \/>Chief Financial Officer<\/p>\n<p>8795 Folsom Blvd.<br \/>Sacramento, California 95826<br \/>(510) 201-0130<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY1MTM3NyM3NDE2MjIxIzUwMDE1ODAyOQ==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YjFmNWNiNDAtNWYyYS00YTNhLWE1OGQtMjUzMzY3ZDZjYzcyLTUwMDE1ODAyOS0yMDI2LTAyLTA5LWVu\/tiny\/SPACSphere-Acquisition-Corp-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>GRAND CAYMAN, Cayman Islands, Feb. 09, 2026 (GLOBE NEWSWIRE) &#8212; SPACSphere Acquisition Corp. (the \u201cCompany\u201d) (Nasdaq: SSACU) today announced the closing of its initial public offering of 17,250,000 units at a price of $10.00 per unit, including 2,250,000 units sold pursuant to the full exercise of the underwriter\u2019s over-allotment option. The offering resulted in gross proceeds of $172,500,000. The units began trading on the Nasdaq Global Market (\u201cNasdaq\u201d) on February 6, 2026, under the ticker symbol \u201cSSACU.\u201d Each unit consists of one Class A ordinary share, one-half of one redeemable warrant, and one right (the \u201cShare Right\u201d) to receive one-fifth (1\/5) of one Class A ordinary share upon the consummation of an initial business combination. Each whole warrant entitles the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/spacsphere-acquisition-corp-announces-the-closing-of-172500000-initial-public-offering\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SPACSphere Acquisition Corp. Announces the Closing of $172,500,000 Initial Public Offering&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-935394","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SPACSphere Acquisition Corp. Announces the Closing of $172,500,000 Initial Public Offering - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/spacsphere-acquisition-corp-announces-the-closing-of-172500000-initial-public-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SPACSphere Acquisition Corp. Announces the Closing of $172,500,000 Initial Public Offering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"GRAND CAYMAN, Cayman Islands, Feb. 09, 2026 (GLOBE NEWSWIRE) &#8212; SPACSphere Acquisition Corp. (the \u201cCompany\u201d) (Nasdaq: SSACU) today announced the closing of its initial public offering of 17,250,000 units at a price of $10.00 per unit, including 2,250,000 units sold pursuant to the full exercise of the underwriter\u2019s over-allotment option. The offering resulted in gross proceeds of $172,500,000. The units began trading on the Nasdaq Global Market (\u201cNasdaq\u201d) on February 6, 2026, under the ticker symbol \u201cSSACU.\u201d Each unit consists of one Class A ordinary share, one-half of one redeemable warrant, and one right (the \u201cShare Right\u201d) to receive one-fifth (1\/5) of one Class A ordinary share upon the consummation of an initial business combination. Each whole warrant entitles the &hellip; Continue reading &quot;SPACSphere Acquisition Corp. 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