SPACSphere Acquisition Corp. Prices $150M IPO at $10

IPO Pricing and Nasdaq Listing

SPACSphere Acquisition Corp. has announced the pricing of its initial public offering, raising $150 million. The company is offering 15 million units at a price of $10.00 per unit.

These units are expected to begin trading on the Nasdaq exchange on February 6, 2026, under the ticker symbol SSACU.

Offering Details and Structure

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. Once the securities trade separately, the shares, warrants, and rights will use the tickers SSAC, SSACW, and SSACR, respectively.

Company Focus and Market Position

As a blank check company, SPACSphere intends to pursue a merger or similar business combination with a focus on digital assets, technology, and healthcare. The management team is led by CEO Bala Padmakumar, with D. Boral Capital LLC acting as the sole book-running manager.

Summary and Outlook

The offering is anticipated to close on February 9, 2026, subject to standard closing conditions. Underwriters have a 45-day option to purchase an additional 2.25 million units to cover potential over-allotments, which could increase the total capital raised.

FAQ

Q: What is SPACSphere Acquisition Corp.?
A: It is a blank check company, also known as a SPAC, formed to merge with a business in the digital assets, technology, or healthcare sectors.

Q: How much did SPACSphere raise in its IPO?
A: The company raised $150 million by pricing 15 million units at $10.00 per unit before any potential over-allotments.

Source: Investing.com