SPACSphere Acquisition Corp. (SSAC) Form 8-K — Jun 1, 2026
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.
Key figures
- Total Debt
- 0
- Debt Amount
- 10000000
- Total Assets
- 0
- Cash Position
- 0
- Deal Value Usd
- 0
- Interest Rate
- 0
- Gross Proceeds
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Shares Outstanding
- 0
- Warrant exercise price
- 11.5
- Transaction expense cap
- 5000000
- Aggregate merger consideration shares
- 25000000
Price after filing
Close on the filing date to close N calendar days later (from $9.98). Historical, not a forecast.
AI analysis
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