SPACSphere Acquisition Corp. Class A Ordinary Shares

SSAC: 425 · acquisition merger

SPACSphere Acquisition Corp. filed a Rule 425 communication containing a podcast transcript with Mobilewalla CEO Anindya Datta and SPACSphere CEO Bala Padmakumar discussing their pending $250 million business combination announced in June. Management said the SEC's first-round comments on the S-4 are expected this week, with an outside chance of closing before year-end and otherwise early next year. SPACSphere holds $172 million in trust, and Mobilewalla forecasts 2026 ARR of $16-$20 million, implying a 12-15x forward multiple that management called a discount to private AI valuations. Datta described Mobilewalla's moat as a decade-plus longitudinal consumer data asset — 50 terabytes ingested daily, over 500 petabytes raw — kept economical via proprietary 10:1-25:1 compression that cuts cloud storage costs to about $150,000 per month from roughly $6 million. Post-close, Mobilewalla aims to scale 3-4x annually, hire ~15 ML engineers, and pursue data-asset acquisitions. The filing is promotional investor communication rather than new disclosure, but it reinforces deal momentum and a plausible close timeline for the pre-de-SPAC SPAC.

SEC 425•1mo ago

SSAC: 425 · acquisition merger

Mobilewalla has entered into a business continuity agreement with SPACSphere Acquisition Corp. (NASDAQ: SSAC) to combine and become a publicly traded company. The transaction is expected to close in the second half of 2026, providing Mobilewalla with the capital and public platform needed to scale its operations. Mobilewalla highlighted its 'Telescope' agentic AI platform and a 94% customer retention rate as key value drivers. The company stated that the deal will enable it to hire world-class engineers, scale infrastructure, and build a robust sales organization to reach enterprises that currently do not know of its existence. The filing serves as a Rule 425 communication to Mobilewalla employees, urging them to maintain confidentiality regarding the deal. It includes standard forward-looking statement disclaimers regarding the risks of the business combination, including the possibility that the deal may not close or that the company may not achieve profitability.

SEC 425•4mo ago

SSAC: 425 · acquisition merger

SPACSphere Acquisition Corp. (SSAC) has entered into a business continuity agreement to combine with Mobilewalla, a private company. The proposed transaction values Mobilewalla at a pro forma enterprise value of $250 million. Upon closing, Mobilewalla is expected to become a publicly traded company listed on Nasdaq under a new ticker symbol. The company stated that the SPAC process was chosen to raise capital quickly and provide existing shareholders with a path to liquidity. SSAC and Mobilewalla intend to jointly file a Registration Statement on Form S-4 with the SEC. Shareholders are urged to read the definitive proxy statement/prospectus when available before making any voting decisions.

SEC 425•4mo ago

SSAC: 425 · acquisition merger

Mobilewalla has entered into a Business Combination Agreement with SPACSphere Acquisition Corp. (SSAC) to merge and become a publicly traded company. The combined entity will retain the name Mobilewalla and is expected to list on a US national exchange in the second half of 2026. The merger provides Mobilewalla with access to public capital markets to fund business expansion, R&D, and additional M&A activity. Management states that day-to-day operations will remain unchanged, with no immediate impact on employees or customers. Investors are cautioned that the transaction is subject to customary closing conditions, including shareholder approvals and regulatory clearances. The filing serves as a pre-communication ahead of the formal S-4 registration statement and proxy materials.

SEC 425•4mo ago

SSAC: 8-K · acquisition merger

SPACSphere Acquisition Corp. (SSAC) has entered into a definitive Business Combination Agreement to acquire Mobilewalla Holdco, Inc., a private artificial intelligence company. The transaction involves the merger of a wholly-owned subsidiary of SPACSphere into Mobilewalla, with Mobilewalla becoming a wholly-owned subsidiary of SPACSphere, which will subsequently change its name to Covariate, Inc. Under the agreement, Mobilewalla shareholders will receive an aggregate of 25,000,000 shares of the combined company’s common stock. The deal is subject to customary closing conditions, including shareholder approval from both parties and the effectiveness of a Form S-4 registration statement. Concurrently, Mobilewalla has secured a senior loan agreement with Avenue Capital for gross proceeds of at least $10,000,000 to support the transaction. The business combination includes a domestication of SPACSphere from the Cayman Islands to Delaware. Existing SPACSphere Class B shares will convert to Class A shares on a one-for-one basis prior to the merger. The combined company’s board will consist of five directors, including one designated by Mobilewalla (Anindya Datta) and one by SPACSphere (Bala Padmakumar), alongside three independent directors.

SEC 8-K•4mo ago

Mobilewalla, a Leading Provider of Data-centric, Vertical Agentic AI solutions, to Go Public Through Business Combination With SPACSphere Acquisition Corp.

SPACSphere Acquisition Corp. (SSAC) has entered a definitive agreement to merge with Mobilewalla, a provider of vertical agentic AI solutions for telecom and fintech. The deal values Mobilewalla at $250 million pre-money, with the combined entity receiving approximately $172.5 million from the SPAC trust account and $10 million in PIPE commitments. Mobilewalla reported $13.9 million in ARR as of April 2026, citing a $115 billion TAM and a pipeline of M&A targets worth $40 million in net new ARR. The transaction is expected to close in the second half of 2026.

•4mo ago