SPACSphere enters business combination agreement to acquire Mobilewalla Holdco

SPACSphere Acquisition Corp.

SPACSphere (SSAC) signed business combination agreement to acquire Mobilewalla Holdco; Merger Sub to merge into Mobilewalla.
Upon closing, SPACSphere will domesticate to Delaware and change name to 'COVARIATE, INC.'
Mobilewalla stockholders to receive shares of New SPACSphere Common Stock based on exchange ratio using 25,000,000 shares.
Closing conditions include shareholder approvals, S-4 effectiveness, Nasdaq listing, and $10M senior loan from Avenue Capital.
Sponsor SPACSphere Sponsor LLC agrees to vote all shares in favor and waive anti-dilution protections.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SPACSphere Acquisition Corp. entered into Business Combination Agreement with Mobilewalla Holdco, Inc. (effective 2026-05-29).

Action: entry
Agreement: merger
Counterparty: Mobilewalla Holdco, Inc.
Effective: 2026-05-29

Exact text from the filing

On May 29, 2026, SPACSphere Acquisition Corp., a Cayman Islands exempted company (“SPACSphere”), entered into a Business Combination Agreement (as it may be amended, supplemented or otherwise modified from time to time, the “Business Combination Agreement”) by and among SPACSphere, SPACSphere Merger Sub Inc., a Delaware corporation and direct wholly owned subsidiary of SPACSphere (“Merger Sub”), and Mobilewalla Holdco, Inc., a Delaware corporation (“Mobilewalla”)

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SPACSphere Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001829126-26-005869

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