SPACSphere Acquisition Corp. Raises $172.5 Million to Target Digital Assets and Healthcare

2026-02-11 companies

New York, Tuesday, 10 February 2026.
On February 9, 2026, SPACSphere Acquisition Corp. finalized its $172.5 million initial public offering. Led by sole bookrunner D. Boral Capital, the oversubscribed launch positions the company to aggressively pursue mergers within the evolving digital asset, technology, and healthcare sectors.

Market Debut and Offering Structure

SPACSphere Acquisition Corp. (Nasdaq: SSACU) officially closed its initial public offering (IPO) on February 9, 2026, issuing 17,250,000 units at a price of $10.00 per unit [1][3]. This aggregate figure includes the full exercise of the underwriter’s over-allotment option of 2,250,000 units, which maximized the gross proceeds to $172.5 million [1][2]. Although the transaction formally closed on Tuesday, the units commenced trading on the Nasdaq Global Market on February 6, 2026, under the ticker symbol “SSACU” [2][8].

Leadership and Strategic Focus

Headquartered in Sacramento, California, the blank check company is led by Chief Executive Officer and Chairman Bala Padmakumar alongside Chief Financial Officer Soumen Das [5][8]. The management team, supported by board members Kathleen Cuocolo, Magnus Ryde, and Mark Platshon, has defined a specific mandate to identify and merge with businesses operating in the digital assets, technology, and healthcare sectors [2][8]. The IPO was described as “oversubscribed” by partners involved in the deal, suggesting strong investor confidence in the leadership’s ability to execute a combination in these high-growth industries [4].

Transaction Partners and Future Outlook

D. Boral Capital LLC served as the sole book-running manager for the offering, continuing its active role in the SPAC market [1][2]. Legal counsel for the transaction included Norton Rose Fulbright US LLP for the company and Loeb & Loeb LLP for the underwriter, with Conyers Dill & Pearman LLP acting as Cayman counsel [1][8]. The company is now on a defined timeline, with a 15-month window from the closing date to consummate a business combination or face the redemption of public shares [5]. Once the securities are eligible for separate trading, the Class A ordinary shares, warrants, and share rights are expected to list on Nasdaq under the symbols “SSAC,” “SSACW,” and “SSACR,” respectively [1][7].

Sources

IPO SPAC