SPACSphere Acquisition Raises $172.5M in IPO, Targets Tech and Healthcare

SPACSphere Acquisition Corp. (NASDAQ: SSACU), a special purpose acquisition company, has successfully closed its initial public offering, raising $172.5 million in gross proceeds. The company sold 17,250,000 units at $10.00 each, including 2,250,000 units from the full exercise of the underwriter's over-allotment option. Trading began on the Nasdaq Global Market on February 6, 2026, with the units listed under the symbol "SSACU." The underlying components—Class A ordinary shares, warrants, and share rights—are expected to trade separately as "SSAC," "SSACW," and "SSACR," respectively. An amount equal to $10.00 per unit has been placed in trust, with D. Boral Capital LLC acting as the sole book-running manager for the offering. SPACSphere Acquisition is a blank check company formed to pursue a merger or similar business combination, focusing on high-growth sectors such as digital assets, technology, and healthcare, leveraging its management team's core competencies in these industries.

The company's leadership is spearheaded by Bala Padmakumar, who serves as Chief Executive Officer and Chairman, and Soumen Das, the Chief Financial Officer and Director. The board also includes Kathleen Cuocolo, Magnus Ryde, and Mark Platshon, bringing diverse expertise to guide SPACSphere's strategic initiatives. This IPO marks a significant milestone for the company as it seeks to identify and combine with a promising target in its focus areas. The press release was distributed through InvestorWire, a specialized communications platform within the Dynamic Brand Portfolio at IBN, which provides advanced wire-grade press release syndication and broad distribution to over 5,000 outlets, ensuring maximum visibility for such financial announcements. For more details, readers can view the full press release via the provided link.

InvestorWire, powered by IBN, offers a comprehensive suite of corporate communications solutions, including enhanced press release services, social media distribution to millions of followers, and tailored strategies to help companies reach investors, influencers, and the general public. By cutting through information overload, InvestorWire aims to deliver unparalleled recognition and brand awareness for its clients. This news highlights the growing trend of SPACs as a vehicle for companies to access public markets and pursue growth opportunities in innovative sectors. The successful offering underscores investor confidence in SPACSphere's management and its targeted approach to mergers in dynamic industries like digital assets and healthcare.