SPACSphere Acquisition Corp. (SSAC) Form 10-Q — May 15, 2026
SPACSphere Acquisition Corp. reported net income of $648,348 for the three months ended March 31, 2026, driven primarily by $860,706 in interest earned on its trust account, offset by $212,358 in general and administrative expenses. The company holds $173,360,706 in its trust account, which was funded by the February 2026 IPO that raised $172.5 million in gross proceeds. Only $308,000 in cash equivalents remains outside the trust for working capital purposes.
Key figures
- Eps
- 0.04
- Net Income
- 648348
- Total Assets
- 174032851
- Cash Position
- 308000
- Working Capital
- 291430
- Gross Proceeds IPO
- 172500000
- Trust Account Balance
- 173360706
- Class BShares Outstanding
- 5750000
- Deferred Underwriting Fee
- 12075000
- Public Shares Outstanding
- 18297994
- Public Warrants Outstanding
- 8625000
- Public Share Rights Outstanding
- 3450000
- Gross Proceeds Private Placement
- 2794650
- Private Placement Warrants Outstanding
- 139733
- Private Placement Share Rights Outstanding
- 55893
Price after filing
1 day: 0.0%7 days: 0.0%30 days: +0.4%
Close on the filing date to close N calendar days later (from $9.95). Historical, not a forecast.
AI analysis
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