{"url_path":"/sec/ssac/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/2081300/0001829126-26-005318-index.html","accession_number":"0001829126-26-005318","cik":"0002081300","ticker":"SSAC","issuer_name":"SPACSphere Acquisition Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2081300/0001829126-26-005318-index.html","primary_entity_key":"0002081300","primary_entity_name":"SPACSphere Acquisition Corp."},"word_count":384,"has_tables":true,"body_markdown":"**Item 2. Unregistered Sales of Equity Securities and Use of Proceeds**\n\n \n\nOn February 9, 2026, the Company consummated its Initial Public Offering of 17,250,000 Units, including the purchase by the underwriters of 2,250,000 additional Units at the offering price, reflecting the exercise of their option to purchase additional Units to cover over-allotments. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $172,500,000. D. Boral Capital acted as sole book-running manager of the Initial Public Offering. The securities in the Initial Public Offering were registered under the Securities Act on registration statement on Form S-1 (No. 333-290414). The Securities and Exchange Commission declared the registration statements effective on January 30, 2026.\n\n \n\nSimultaneously with consummation\nof the Initial Public Offering, the Company consummated the sale of (a) 279,465 private placement units (each, a “Private Placement\nUnit” and collectively, the “Private Placement Units”) and (b) 768,529 Restricted Class A Ordinary Shares, which shares\nshall be subject to (i) certain restrictions which only lapse upon the consummation of the initial Business Combination and (ii) surrender\nfor nil consideration if an initial Business Combination is not consummated in accordance with the amended and restated memorandum and\narticles of association (each, a “Restricted Class A Ordinary Share” and the Restricted Class A Ordinary Shares collectively\nwith the Private Placement Units, the “Private Placement Securities”) to our Sponsor and certain private placement investors,\ngenerating gross proceeds of $2,794,650. The issuance was made pursuant to the exemption from registration contained in Section 4(a)(2)\nof the Securities Act.\n\n \n\nThe Private Placement Units are identical to the warrants underlying the Units sold in the Initial Public Offering, except that the Private Placement Warrants are not transferable, assignable or salable until after the completion of a Business Combination, subject to certain limited exceptions.\n\n \n\nOf the gross proceeds received from the Initial Public Offering, the exercise of the over-allotment option and the Private Placement, an aggregate of $172,500,000 was placed in the Trust Account.\n\n \n\nWe paid a total of $14,280,684, consisting of $1,293,750 of cash underwriting fee (net of $2,156,250 underwriters’ reimbursement), $12,075,000 of deferred underwriting fee, and $911,934 of other offering costs.\n\n \n\nFor a description of the use of the proceeds generated in our Initial Public Offering, see Part I, Item 2 of this Form 10-Q."}