Spacsphere Acquisition Corp (NASDAQ: SSAC) is a blank check special purpose acquisition company (SPAC) formed to identify and complete a merger or acquisition with one or more target businesses. The company generates no operating revenue. Its capital structure is built on trust account proceeds: the IPO closed February 9, 2026, raising $172,500,000 gross from the sale of 17,250,000 public units at $10.00 per unit, with proceeds held in trust pending an initial business combination. Simultaneously, the sponsor and direct institutional investors purchased 279,465 private placement units and 768,529 restricted Class A ordinary shares for aggregate proceeds of $2,794,650. The company is headquartered at 8795 Folsom Blvd., Sacramento, CA 95826. Managing sponsor members are Bala Padmakumar and SPACCatalyst LLC, the latter managed by Soumen Das and Miteshkumar Patel. Das serves as CFO and director as of June 2025. The company has 15 months from the IPO closing to consummate an initial business combination or return trust funds to public shareholders.

Revenue model

No operating revenue. The company holds $172,500,000 in trust from its February 9, 2026 IPO proceeds. Value to founders and sponsors is contingent on completing an initial business combination. If no business combination is consummated within 15 months, trust proceeds are returned to public shareholders and private placement units expire worthless.

Products and services

Public units consisting of one Class A ordinary share, one-half of one redeemable warrant (exercisable at $11.50 per share), and one right to receive one-fifth of one Class A ordinary share upon business combination consummation. Units were sold at $10.00 each in the February 9, 2026 IPO. Private placement units and restricted Class A ordinary shares were sold to the sponsor and direct institutional investors at $10.00 per interest.

Customers and end markets

Investors in the IPO are public shareholders holding redeemable Class A ordinary shares. The sponsor, direct institutional investors, institutional non-managing sponsor members, and individual non-managing sponsor members hold founder shares and private placement securities. The ultimate end market is determined by the target business selected for the initial business combination, which has not been identified as of the 10-K filing dated 2026-03-27.

Value-chain role

Acquisition vehicle. Spacsphere raises capital through a public offering, holds proceeds in trust, and seeks to merge with or acquire a private operating business, providing that business with a path to public market listing.

Geographic exposure

Incorporated as a Cayman Islands entity, headquartered in Sacramento, CA 95826 as of the 10-K filed 2026-03-27. No operating geographic footprint disclosed.

Source: SEC 10-K, filed 2026-03-27

Industry: Blank Checks