SPACSphere and Mobilewalla amend deal to expand combined company board to seven directors
SSAC•SPACSphere and Mobilewalla amended their merger agreement on October 15, 2026, expanding the combined company's board from five to seven directors at closing. Mobilewalla will designate six directors, including four independents, and Bala Padmakumar will take the remaining seat.
1. Board composition
The amended agreement gives Mobilewalla the right to designate six of the seven directors, including four independent directors. Bala Padmakumar will take the remaining seat.
