Mobilewalla and SPACSphere Acquisition Corp. have announced the public filing of a registration statement on Form S-4 with the SEC, containing a preliminary proxy statement and prospectus relating to their previously announced proposed business combination. Upon closing, the combined company is expected to operate under the name Covariate, Inc. and trade on Nasdaq.
Mobilewalla and SPACSphere file S-4 registration for business combination.
Combined company expected to be named Covariate, Inc. and trade on Nasdaq.
Mobilewalla provides consumer data and vertical agentic AI solutions.
Platform spans 2 billion devices across 40+ countries with 50TB of daily data.
Serves enterprise clients in North America, Europe, and Asia.
Transaction expected to close in second half of 2026.
The submission of the Registration Statement marks an important milestone toward the completion of the proposed business combination, which is expected to result in Mobilewalla becoming a publicly traded company. Upon closing of the transaction, the combined company is expected to operate under the name Covariate, Inc. and its shares are expected to trade on the Nasdaq Stock Market LLC or another U.S. national exchange. The proposed business combination remains subject to approval by SPACSphere and Mobilewalla shareholders, the Registration Statement being declared effective by the SEC, and other customary closing conditions.
Mobilewalla is a consumer data and artificial intelligence company with a proprietary data platform built on over a decade of longitudinal behavioral signals spanning 2 billion devices across 40+ countries. The company's purpose-built technology stack ingests 50 terabytes of data daily and transforms it into predictive intelligence products and vertical agentic AI solutions for the telecommunications, financial services, and consumer data industries. Mobilewalla serves enterprise clients in North America, Europe, and Asia, empowering these businesses to gain a granular understanding of consumer behavior and make strategic decisions based on deep market insights.
"The submission of our S-4 marks a notable milestone in bringing our vertical agentic AI solutions to the public markets," said Dr. Anindya Datta, Founder and Chief Executive Officer of Mobilewalla. "Over the last decade, we have built a proprietary, exabyte-scale consumer data platform designed to power domain-specific AI models and solve critical operational challenges for enterprises. Taking this next step with SPACSphere brings us closer to securing the public platform required to expand our AI solutions globally."
About Mobilewalla
Mobilewalla is a consumer data and AI company with a proprietary data platform built on over a decade of longitudinal behavioral signals spanning 2 billion devices across 40+ countries. The company's purpose-built technology stack ingests 50 terabytes of data daily and transforms it into predictive intelligence products and vertical agentic AI solutions for the telecommunications, financial services, and consumer data industries.
About SPACSphere
SPACSphere is a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination.
TechIntelPro empowers B2B technology decision-makers with the latest industry trends, deep insights, leadership perspectives and actionable intelligence to drive both organizational and professional milestones, and thrive on the tech pulse.
