\nMobilewalla Holdco, Inc. (“Mobilewalla” or the “Company”), a leading provider of consumer data and vertical agentic AI solutions, and SPACSphere Acquisition Corp. (NASDAQ: SSAC) (“SPACSphere” or \u201cSSAC\u201d), a publicly traded special purpose acquisition company, today announced the public filing of a registration statement on Form S-4 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (“SEC”), containing a preliminary proxy statement and prospectus relating to their previously announced proposed business combination. A copy of the Registration Statement can be found at both the Securities and Exchange website at www.sec.gov<\/a> and Mobilewalla\u2019s website at www.mobilewalla.com\/investorrelations<\/a>.<\/p>\n
\nThe submission of the Registration Statement marks an important milestone toward the completion of the proposed business combination, which is expected to result in Mobilewalla becoming a publicly traded company. Upon closing of the transaction, the combined company is expected to operate under the name Covariate, Inc. and its shares are expected to trade on the Nasdaq Stock Market LLC, (\u201cNasdaq) or another U.S. national exchange.<\/p>\n
\n“The submission of our S-4 marks a notable milestone in bringing our vertical agentic AI solutions to the public markets,” said Dr. Anindya Datta, Founder and Chief Executive Officer of Mobilewalla. “Over the last decade, we have built a proprietary, exabyte-scale consumer data platform designed to power domain-specific AI models and solve critical operational challenges for enterprises. Taking this next step with SPACSphere brings us closer to securing the public platform required to expand our AI solutions globally.”<\/p>\n
\nThe proposed business combination remains subject to approval by SPACSphere and Mobilewalla shareholders, the Registration Statement being declared effective by the SEC, and other customary closing conditions. The transaction is expected to close in the second half of 2026.<\/p>\n
About Mobilewalla<\/b><\/p>\n
\nMobilewalla is a consumer data and artificial intelligence (\u201cAI\u201d) company with a proprietary data platform built on over a decade of longitudinal behavioral signals spanning 2 billion devices across 40+ countries. The company’s purpose-built technology stack ingests 50 terabytes of data daily and transforms it into predictive intelligence products and vertical agentic AI solutions for the telecommunications, financial services, and consumer data industries. Mobilewalla serves enterprise clients in North America, Europe and Asia empowering these businesses to gain a granular understanding of consumer behavior, better understand customer needs and preferences and make strategic decisions based on a deep understanding of market trends and influences through Mobilewalla\u2019s cutting-edge data and resulting insights.<\/p>\n
About SPACSphere<\/b><\/p>\n
\nSPACSphere is a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination.<\/p>\n
Additional Information About the Proposed Business Combination and Where to Find It<\/b><\/p>\n
\nIn connection with the proposed business combination, the Registration Statement has been publicly filed by SPACSphere and Mobilewalla with the SEC, which includes a preliminary proxy statement of SPACSphere and a preliminary prospectus of the Company. After the Registration Statement is declared effective by the SEC, SPACSphere will mail the definitive proxy statement\/prospectus relating to the proposed business combination to its shareholders as of a record date to be established for voting on the transaction. The Registration Statement contains important information about the proposed business combination and the other matters to be voted upon at the special meeting of shareholders. Shareholders and other interested persons are advised to read the preliminary proxy statement\/ prospectus in the Registration Statement and any amendments thereto, and the definitive proxy statement\/prospectus, as these materials will contain important information about Mobilewalla, SPACSphere, and the transaction. Copies of the Registration Statement can be obtained free of charge at the SEC’s website located at www.sec.gov<\/a>.<\/p>\n Forward-Looking Statements<\/b><\/p>\n \nThis press release includes \u201cforward-looking statements\u201d within the meaning of Section 27A of the Securities Act of 1933, as amended (the \u201cSecurities Act\u201d) and Section 21E of the Securities Exchange Act of 1934, as amended (the \u201cExchange Act\u201d). All statements, other than statements of present or historical fact included herein, regarding the proposed business combination, SSAC\u2019s and the Company\u2019s ability to consummate the transaction, the benefits of the transaction, SSAC\u2019s and the Company\u2019s future financial performance following the transaction, as well as SSAC\u2019s and the Company\u2019s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used herein, including any oral statements made in connection herewith, the words \u201ccould,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cmay,\u201d \u201cbelieve,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cproject,\u201d the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words.<\/p>\n \nThese forward-looking statements are based on SSAC\u2019s and the Company\u2019s management teams\u2019 current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. SSAC and the Company caution you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of SSAC and the Company. These risks include, but are not limited to, (i) the risk that the proposed business combination may not be completed in a timely manner or at all, which may adversely affect the price of SSAC securities; (ii) the risk that the proposed business combination may not be completed by SSAC\u2019s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by SSAC; (iii) the failure to satisfy the conditions to the consummation of the proposed business combination, including the approval of the proposed business combination by SSAC\u2019s shareholders and the Company\u2019s stockholders, and the receipt of certain governmental and regulatory approvals; (iv) the effect of the announcement or pendency of the proposed business combination on the Company\u2019s business relationships, performance, and business generally; (v) risks that the proposed business combination disrupts current plans of the Company and potential difficulties in the Company\u2019s employee retention as a result of the proposed business combination; (vi) the outcome of any legal proceedings that may be instituted against SSAC or the Company related to the agreement and the proposed business combination; (vii) changes to the proposed structure of the business combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the business combination (viii) the ability to maintain the listing of SSAC\u2019s securities on the Nasdaq or another U.S. national exchange; (ix) the price of SSAC\u2019s securities, including volatility resulting from changes in the competitive and highly regulated industries in which the Company plans to operate, variations in performance across competitors, changes in laws and regulations affecting the Company\u2019s business and changes in the combined capital structure; (x) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed business combination, and identify and realize additional opportunities; (xi) the impact of the hostilities between the U.S. and Iran and other geopolitical conflicts, and (xii) other risks and uncertainties related to the transaction set forth in the sections entitled \u201cRisk Factors\u201d and \u201cCautionary Note Regarding Forward-Looking Statements\u201d in SSAC\u2019s prospectus relating to its initial public offering (File No. 333-290414) declared effective by the SEC on January 30, 2026, and other documents filed, or to be filed with the SEC by SSAC, including SSAC\u2019s Annual Report on Form 10-K filed with the SEC on March 27, 2026, and any subsequently filed Quarterly Report on Form 10-Q. SSAC\u2019s SEC filings are available publicly on the SEC\u2019s website at http:\/\/www.sec.gov<\/a>.<\/p>\n \nThe foregoing list of factors is not exhaustive. There may be additional risks that neither SSAC nor the Company presently know or that SSAC or the Company currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. You should carefully consider the foregoing factors and the other risks and uncertainties that are described in the Registration Statement, including those under \u201cRisk Factors\u201d therein, and other documents filed by SSAC and the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and SSAC and the Company assume no obligation and, except as required by law, do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither SSAC nor the Company gives any assurance that either SSAC or the Company will achieve its expectations.<\/p>\n Participants in the Solicitation<\/b><\/p>\n \nMobilewalla, SSAC, and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies from SSAC\u2019s shareholders in connection with the proposed business combination. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of SSAC\u2019s shareholders in connection with the proposed business combination will be set forth in the Registration Statement, including the proxy statement\/ prospectus contained therein, when it is filed with the SEC. You can find more information about SSAC\u2019s directors and executive officers in SSAC\u2019s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 27, 2026, and in the subsequent filings made by SSAC with the SEC. Shareholders, potential investors, and other interested persons should read the Registration Statement, including the proxy statement\/prospectus contained therein, carefully before making any voting or investment decisions. You may obtain free copies of these documents from the sources described above.<\/p>\n No Offer or Solicitation<\/b><\/p>\n \nThis communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or exemptions therefrom.<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260812337627\/en\/<\/a><\/span><\/p>\n \nMobilewalla Media and Investor Relations \nSPACSphere Acquisition Corp. KEYWORDS:<\/b> Georgia North America United States Cayman Islands Caribbean Canada<\/p>\n INDUSTRY KEYWORDS:<\/b> Other Consumer Food\/Beverage Retail Telecommunications Software Artificial Intelligence Internet Online Retail Consumer Data Management Department Stores Social Media Technology Mobile\/Wireless Restaurant\/Bar Marketing Advertising Communications<\/p>\n<\/p>\n
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The Blueshirt Group for Mobilewalla
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blueshirtgroup@mobilewalla.com<\/a><\/p>\n
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Soumen Das – Chief Financial Officer
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8795 Folsom Blvd.
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Sacramento, California 95826
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soumend@spaccatalyst.com
\n<\/a>
(510) 201-0130<\/p>\n
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