SPACSphere Acquisition, a blank check company led by SPAC veterans Bala Padmakumar and Soumen Das, filed on Friday with the SEC to raise up to $150 million in an initial public offering.
The company plans to raise $150 million by offering 15 million units at a price of $10. Each unit consists of one share of common stock, and one right to receive one-seventh of a share of common stock.
The company is led by CEO and Chairman Bala Padmakumar, who served as the CEO and Chairman of ChampionsGate Acquisition (CHPGU; +2% from offer price), Chairman of Four Leaf Acquisition (FORL; +19%), and CEO and Chairman of Monterey Capital Acquisition through its merger with ConnectM Technology Solutions (CNTM; -98%), and CFO Soumen Das, who served as the Director of Capital Markets at VIKASA Capital, where he advised Stardust Power (SDST; -72%) on its merger with Global Partner Acquisition II.
The SPAC plans to target industries where its executives have core competencies and experiences, such as digital assets, technology, and healthcare industries.
The Sacramento, CA-based company was founded in 2025 and plans to list on the Nasdaq under the symbol SSACU. SPACSphere Acquisition filed confidentially on August 13, 2025. D. Boral Capital is the sole bookrunner on the deal.
