SPACSphere Acquisition Corp., a blank check company, was incorporated as a Cayman Islands exempted company on June 18, 2025 for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. 

Mobilewalla, a consumer data and AI solutions provider, and SPACSphere Acquisition Corp. have filed a registration statement with the SEC for their proposed business combination. The deal is expected to result in Mobilewalla becoming a publicly traded company under the name Covariate, Inc. and listing on the Nasdaq. The transaction remains subject to shareholder approval and customary closing conditions, with a expected completion date in H2 2026.

SPACSphere Acquisition

Mobilewalla Proposes SPACSphere Business Combination, Eyes Nasdaq Listing

Mobilewalla, a data and artificial intelligence company, and SPACSphere Acquisition Corp. (NASDAQ: SSAC), a publicly traded special purpose acquisition company, have announced <a href="https://www.mobilewalla.com/about/press/mobilewalla-enters-into-business-continuity-agreement-with-spacsphere">proposed business combination</a>. The transaction, which values Mobilewalla at a $250 million pre-money valuation, is expected to result in <a href="https://www.mobilewalla.com/about/press/mobilewalla-enters-into-business-continuity-agreement-with-spacsphere">Mobilewalla becoming a publicly traded company</a>.The proposed business combination is subject to approval by SSAC and Mobilewalla stockholders and the satisfaction or waiver of customary closing conditions. The transaction is anticipated to <a href="https://www.mobilewalla.com/about/press/mobilewalla-enters-into-business-continuity-agreement-with-spacsphere">close in the second half</a> of 2026. Upon completion, the combined company will have access to approximately <a href="https://www.mobilewalla.com/about/press/mobilewalla-enters-into-business-continuity-agreement-with-spacsphere">$172.5 million in cash</a> from SSAC’s trust account, assuming no redemptions of existing SSAC shares.Mobilewalla, founded in 2012 by Dr. Anindya Datta, has developed a proprietary consumer data platform that delivers vertical AI solutions for the telecom and fintech industries. As of April 30, 2026, the company reported <a href="https://www.mobilewalla.com/about/press/mobilewalla-enters-into-business-continuity-agreement-with-spacsphere">$13.9 million in Annual Recurring Revenue</a> (ARR) across three products: the Mobilewalla Data Platform, Market Flow, and LendBetter. The company also has an agentic AI product, Telescope, <a href="https://www.mobilewalla.com/about/press/mobilewalla-enters-into-business-continuity-agreement-with-spacsphere">currently in pilot with F50</a> telecom company.The boards of directors of both Mobilewalla and SSAC have <a href="https://www.mobilewalla.com/about/press/mobilewalla-enters-into-business-continuity-agreement-with-spacsphere">unanimously approved the proposed business combination</a>. Institutional investors affiliated with Mobilewalla are expected to <a href="https://www.mobilewalla.com/about/press/mobilewalla-enters-into-business-continuity-agreement-with-spacsphere">commit $10 million to support</a> the transaction.The registration statement will include a preliminary proxy statement/prospectus and other relevant information for investors. Shareholders and interested parties are encouraged to <a href="https://www.mobilewalla.com/about/press/mobilewalla-enters-into-business-continuity-agreement-with-spacsphere">review the full registration statement</a> and related documents filed with the SEC for detailed information about the proposed business combination.The transaction is being advised by D. Boral Capital LLC for SSAC, Norton Rose Fulbright US LLP and Lucosky Brookman LLP for legal matters, and <a href="https://www.mobilewalla.com/about/press/mobilewalla-enters-into-business-continuity-agreement-with-spacsphere">The Blueshirt Group for investor relations</a>. Additional details about the business combination will be available on <a href="https://www.mobilewalla.com/about/press/mobilewalla-enters-into-business-continuity-agreement-with-spacsphere">SEC’s website and Mobilewalla’s</a> investor relations page.<img src="https://cdn.ainvest.com/aigc/hxcmp/images/compress-1cf8e310c5d71001.png" alt="Mobilewalla and SPACSphere Acquisition Corp. announce filing of registration statement on Form S-4 regarding proposed business combination">

Mobilewalla and SPACSphere Acquisition Corp. announce filing of registration statement on Form S-4 regarding proposed business combination

• Mobilewalla to go public through SPACSphere Acquisition Corp.
• Values Mobilewalla at $250 million pre-money valuation
• Generates $13.9 million in ARR as of April 30, 2026
• Agentic AI product, Telescope, in pilot at a F50 telecom company
• Global customer base with over 200 businesses across telecom and financial services.Mobilewalla Inc., a provider of AI-driven analytics solutions, has announced plans to go public through a merger with SPACSphere Acquisition Corp., a special-purpose acquisition company. The transaction values Mobilewalla at $250 million on a pre-money basis [引用越界:1]. The company reported annual recurring revenue (ARR) of $13.9 million as of April 30, 2026 [引用越界:2], reflecting steady growth in its subscription-based business model.Mobilewalla’s agentic AI product, Telescope, is currently in pilot with a Fortune 50 telecommunications company, signaling <a href="https://example.com">expansion into enterprise-level AI</a>. The company serves over 200 businesses globally, with a focus on <a href="https://example.com">telecom and financial services sectors</a>. The merger is expected to provide Mobilewalla with additional capital to scale its operations and accelerate product development. Investors will be closely watching the integration process and the company’s ability to capitalize on its existing customer base and emerging AI capabilities.

Mobilewalla to go public through $250mln SPACSphere Acquisition Corp. deal.

SPACSphere acquisition - deal values Mobilewalla at $250 mln pre-money

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SPACSphere acquisition - deal values Mobilewalla at $250 mln pre-money

Mobilewalla to go public via business combination with SpacSphere Acquisition

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