secwatch / observer
8-K filed January 30, 2026, 6:59 PM ET ticker SAAQ CIK 0002091222
other material confidence high sentiment neutral materiality 0.70

Space Asset Acquisition Corp. closes $230M IPO including full over-allotment; $230M placed in trust

Space Asset Acquisition Corp.

item 1.01item 3.02item 5.02item 5.03item 8.01item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Space Asset Acquisition Corp. issued 230,000 Private Placement Units of unit to BTIG, LLC for $10.00 per unit.

Security
unit
Shares
230,000 Private Placement Units
Purchaser
BTIG, LLC
Consideration
$10.00 per unit
Exact text from the filing
share of the Company, par value $0.0001 per share (the “Class A Ordinary Shares”), and one-third of one redeemable warrant (the “Warrants”). The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $230,000,000. In connection with the IPO, the Company entered into the following agreements, forms of which were previously
View on SEC.gov
Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Space Asset Acquisition Corp. issued 415,000 Private Placement Units of unit to Sponsor for $10.00 per unit.

Security
unit
Shares
415,000 Private Placement Units
Purchaser
Sponsor
Consideration
$10.00 per unit
Exact text from the filing
Simultaneously with the closing of the IPO, pursuant to the Private Placement Units Purchase Agreements, the Company completed the private sale of 645,000 units (the “Private Placement Units”) at the initial public offering price of $10.00 per unit (for an aggregate purchase price of $6,450,000).
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Space Asset Acquisition Corp.: Adopted Amended and Restated Memorandum and Articles of Association in connection with IPO (effective 2026-01-27).

Change
charter amendment
Effective
2026-01-27
Exact text from the filing
On January 27, 2026, in connection with the IPO, the Company adopted its Amended and Restated Memorandum and Articles of Association (the “Amended Charter”), effective the same day.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

Space Asset Acquisition Corp. entered into Warrant Agreement with Efficiency INC. valued at Warrant agreement for warrants forming part of units (effective 2026-01-27).

Action
entry
Counterparty
Efficiency INC.
Value
Warrant agreement for warrants forming part of units
Effective
2026-01-27
Exact text from the filing
● A Warrant Agreement, dated January 27, 2026, by and between the Company and Efficiency INC., as warrant agent, a copy of which is attached as Exhibit 4.1 hereto and incorporated herein by reference.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

Space Asset Acquisition Corp. entered into Sponsor Private Placement Units Purchase Agreement with Space Asset Acquisition Sponsor LLC valued at Private placement units purchase agreement with sponsor (effective 2026-01-27).

Action
entry
Agreement
equity purchase
Counterparty
Space Asset Acquisition Sponsor LLC
Value
Private placement units purchase agreement with sponsor
Effective
2026-01-27
Exact text from the filing
A Private Placement Units Purchase Agreement, dated January 27, 2026, by and between the Company and the Sponsor (the “Sponsor Private Placement Units Purchase Agreement”)
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

Space Asset Acquisition Corp. entered into Investment Management Trust Agreement with Efficiency INC. valued at Trust agreement for IPO proceeds (effective 2026-01-27).

Action
entry
Counterparty
Efficiency INC.
Value
Trust agreement for IPO proceeds
Effective
2026-01-27
Exact text from the filing
An Investment Management Trust Agreement, dated January 27, 2026, by and between the Company and Efficiency INC., as trustee
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

Space Asset Acquisition Corp. entered into Registration Rights Agreement with Space Asset Acquisition Sponsor LLC and holders valued at Registration rights agreement (effective 2026-01-27).

Action
entry
Counterparty
Space Asset Acquisition Sponsor LLC and holders
Value
Registration rights agreement
Effective
2026-01-27
Exact text from the filing
A Registration Rights Agreement, dated January 27, 2026, by and among the Company, the Sponsor and the Holders signatory thereto
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

Space Asset Acquisition Corp. entered into Underwriting Agreement with BTIG, LLC valued at Underwriting Agreement for IPO of 23,000,000 units (effective 2026-01-27).

Action
entry
Agreement
underwriting
Counterparty
BTIG, LLC
Value
Underwriting Agreement for IPO of 23,000,000 units
Effective
2026-01-27
Exact text from the filing
An Underwriting Agreement, dated January 27, 2026, by and between the Company and BTIG, LLC, as representative of the underwriters
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.97

Space Asset Acquisition Corp. entered into Letter Agreement with Space Asset Acquisition Sponsor LLC, executive officers, directors, advisors valued at Letter agreement among insiders and sponsor (effective 2026-01-27).

Action
entry
Counterparty
Space Asset Acquisition Sponsor LLC, executive officers, directors, advisors
Value
Letter agreement among insiders and sponsor
Effective
2026-01-27
Exact text from the filing
A Letter Agreement, dated January 27, 2026 (the “Letter Agreement”), by and among the Company, its executive officers, its directors, its advisors and the Company’s sponsor, Space Asset Acquisition Sponsor LLC (the “Sponsor”)
View on SEC.gov

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Space Asset Acquisition Corp. filing history →

Source: SEC EDGAR
accession 0001213900-26-010205
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