SPACSphere Acquisition Corp. (SSACU) Prices $150M IPO
SPACSphere Acquisition Corp. (NASDAQ:SSACU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SSACU”, Friday, February 6, 2025.
The new SPAC plans to mount a generalist approach for a combination target but will focus on the digital assets, technology and healthcare industries.
SPACSphere Acquisition Corp. is to be led by Chief Executive Officer and Chairman Bala Padmakumar and Chief Financial Officer Soumen Das. Kathleen Cuocolo, Magnus Ryde and Mark Platshon are expected to serve on the SPAC’s Board.
Total SPAC deal count for 2025 year-to-date is now 30. This offering is expected to close on Monday, February 9, 2025.
D. Boral Capital LLC (“D. Boral”) is acting as the sole book-running manager for the offering. Norton Rose Fulbright is serving as Issuer’s Counsel with Loeb & Loeb LLC serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Odyssey Transfer and Trust Company is acting as trustee.
