GRAND CAYMAN, Cayman Islands, Feb. 09, 2026 (GLOBE NEWSWIRE) -- SPACSphere Acquisition Corp. (the "Company") (NASDAQ:SSACU) today announced the closing of its initial public offering of 17,250,000 units at a price of $10.00 per unit, including 2,250,000 units sold pursuant to the full exercise of the underwriter's over-allotment option. The offering resulted in gross proceeds of $172,500,000. The units began trading on the Nasdaq Global Market ("Nasdaq") on February 6, 2026, under the ticker symbol "SSACU." Each unit consists of one Class A ordinary share, one-half of one redeemable warrant, and one right (the "Share Right") to receive one-fifth (1/5) of one Class A ordinary share upon the consummation of an initial business combination. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Only whole warrants are exercisable. No fractional shares will be issued in connection with the exchange of Share Rights. An amount equal to $10.00 per unit was deposited into a trust account upon the closing of ...