SPACSphere Acquisition Corp. (SSACW) Warrant
Each SSACW warrant gives the holder the right to buy 1 share of SPACSphere Acquisition Corp. at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.14, below the strike, so the warrant is out of the money. SPACSphere Acquisition Corp. has a market value of about $184.56M. SPACSphere Acquisition Corp. is a SPAC (deal signed with Mobilewalla Holdco, Inc. (to be renamed Covariate, Inc.)). It must complete a deal by May 9, 2027 or the warrants expire worthless. There are 8.62M listed warrants; exercising all of them would add 47.4% to the 18.20M shares outstanding.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.57
From the issuer's S-1/A (2026-01-26).
Company and stock
- Company
- SPACSphere Acquisition Corp.
- Underlying stock
- SSAC
- Share price
- $10.14
- Market cap
- $184.56M
- Shares outstanding
- 18.20M
- Range since Feb 2026
- $9.86 – $10.14
- Change since Feb 2026
- +3%
- Value of all listed warrants
- $603.75K (0.3% of market cap)
- Industry
- Services: Prepackaged Software
- Head office
- Sacramento, CA
- Incorporated in
- Cayman Islands
Market cap is the last share price times shares outstanding (as of 2026-03-27). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.0700
- Price / model
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Dilution
- Shares outstanding
- 18.20M
- Listed warrants
- 8.62M
- Dilution if all exercised
- 47.4%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- deal signed
- Target
- Mobilewalla Holdco, Inc. (to be renamed Covariate, Inc.)
- Deal announced
- 2026-05-29
- Deadline
- 2027-05-09
- Latest possible deadline
- —
- Trust per share
- $10.14
- Sponsor
- SPACSphere Sponsor LLC
- Sponsor's earlier SPACs
- 0 (0 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about SSACW
When does the SSACW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of SSACW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many SSACW warrants are outstanding?
8.62M listed warrants, equal to 47.4% dilution if all are exercised.
Related warrants
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