SPACSphere to take Mobilewalla public via merger backed by $174.9M trust
What's the deal? SPACSphere Acquisition Corp.Dealroom has a profile for this one. Try Dealroom → has signed a definitive business combination agreement to merge with Mobilewalla Holdco, Inc., a data and analytics company. The deal, signed May 29, 2026, would take Mobilewalla public.
How is it structured? SPACSphere's wholly-owned subsidiary, SPACSphere Merger Sub Inc.Dealroom has a profile for this one. Try Dealroom →, will merge into Mobilewalla, leaving Mobilewalla as a subsidiary of the combined company. Before closing, all Class B ordinary shares convert one-to-one into Class A shares, after which SPACSphere will domesticate as a Delaware corporation.
What's the endgame? The deal is the core purpose of any special purpose acquisition company (SPAC): completing a business combination to bring a target public. For Mobilewalla, it means a route to public markets without a traditional IPO.
By the numbers: SPACSphere held roughly $174.9 million in its trust account as of June 30, 2026. It reported net income of $1.34 million for the six months ended that date, driven mainly by interest on trust investments, with general and administrative expenses of $1.06 million over the period.
Why now? The company has until May 9, 2027 to complete an initial business combination. Management flagged substantial doubt about its ability to continue as a going concern if the Mobilewalla deal does not close by then.
What could go wrong? The merger still needs approval from SPACSphere shareholders, who can also exercise redemption rights. If the deal falls through before the deadline, the company faces going-concern risk.
The signal: The agreement gives investors clarity on SPACSphere's target and timeline as it races to close before its 2027 deadline. Whether shareholders back the combination — or redeem — will decide if Mobilewalla reaches public markets.
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