SPACSphere Acquisition Corp. FY2025 net loss widens to $110,178; revenue posts no revenue
SPACSphere Acquisition Corp. Class A SSAC | 9.91 | 0.00% |
- SPACSphere published an annual report on Form 10-K, reporting a net loss of USD 110,178, consisting solely of general and administrative expenses.
- The company said it has not generated any revenues to date and expects non-operating income from interest earned on cash and cash equivalents.
- Cash outside the trust account totaled USD 6,081 as of Dec. 31, 2025, and management said there had been no significant change in its financial or trading position and no material adverse change since its audited financial statements.
- Following its Feb. 9, 2026 IPO, SPACSphere reported gross proceeds of USD 172.5 million from the sale of 17,250,000 public units at USD 10.00 per unit.
- In connection with the IPO and private placement, USD 172.5 million was placed in a trust account, and the sponsor agreed to provide administrative services for USD 10,000 per month until a business combination or liquidation.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SPACSphere Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829126-26-002804), on March 27, 2026, and is solely responsible for the information contained therein.
