SPACSphere closes $172.5M IPO; trust funded, going concern flagged

SPACSphere Acquisition Corp.

IPO of 17.25M units at $10/unit, including full over-allotment exercise; gross proceeds $172.5M.
$172.5M deposited in trust account; cash equivalents $552,082, working capital $488,828.
Auditors issue going concern note: insufficient liquidity to sustain ops for one year without business combination.
Must complete initial business combination within 15 months (by May 9, 2027) or redeem public shares.
Private placement of 279,465 units and 768,529 restricted Class A shares raised $2.79M.

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