Mobilewalla, a leading provider of data and vertical agentic AI solutions, and SPACSphere Acquisition Corp. (NASDAQ: SSAC), a publicly traded special purpose acquisition company, announced that they have entered into a definitive business combination agreement through which Mobilewalla will become a publicly traded company.
The proposed transaction values Mobilewalla at a pre-money equity value of $250 million. Upon closing, the combined company is expected to receive approximately $172.5 million of cash held in SPACSphere’s trust account, assuming no redemptions by SPACSphere shareholders and based on trust value per share as of March 13, 2026. In addition, certain institutional investors affiliated with Mobilewalla are expected to commit $10 million in support of the transaction.
Lucosky Brookman LLP is serving as company counsel to Mobilewalla in connection with the proposed business combination. D. Boral Capital LLC is acting as financial and capital markets advisor to SPACSphere Acquisition Corp.
