Blue Sphere Corporation (OTCPK:BLSP) is looking for acquisitions. The company which is on the verge of an offering of 1.44 million shares of its common stock and Warrants to purchase up to 1.44 million shares of common stock for an offering amount of $4.5 million, intends to use the net proceeds from the sale of securities for general corporate purposes, to complete asset and corporate acquisitions, to, directly or indirectly, finance future growth opportunities, and to repay indebtedness.