--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-26-010205" form_type: "8-K" ticker: "SAAQ" cik: "0002091222" company_name: "Space Asset Acquisition Corp." filed_at: "2026-01-30T23:59:59+00:00" generated_at: "2026-05-16T06:09:31.450965+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.7 calibrated_materiality_score: 0.7 confidence: "high" source: SEC EDGAR --- # Space Asset Acquisition Corp. closes $230M IPO including full over-allotment; $230M placed in trust ## Summary - IPO of 23M units at $10 each (including 3M over-allotment); gross proceeds $230M. - Private placement of 645,000 units at $10 each to sponsor & BTIG raised $6.45M. - $230M deposited into U.S. trust account with Efficiency INC. as trustee. - Independent directors appointed: Eric Zahler, Anders Johnson, Celeste Ford; board classified. - Units trade on Nasdaq (SAAQU); common shares (SAAQ) and warrants (SAAQW) expected to begin separate trading. ## SEC filing metadata - accession: 0001213900-26-010205 - form_type: 8-K - ticker: SAAQ - cik: 0002091222 - company_name: Space Asset Acquisition Corp. - filed_at: 2026-01-30T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.7 - calibrated_materiality_score: 0.7 - confidence: high - sec_items: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/2091222/000121390026010205/0001213900-26-010205-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2091222/000121390026010205/ea0274574-8k_space.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-26-010205 - JSON: https://secwatch.observer/filing/0001213900-26-010205.json - Plain text: https://secwatch.observer/filing/0001213900-26-010205.txt ## Source-grounded claims - claim_id: f12b5281bc384f48d6096731e464b64c1699ba11 claim: Space Asset Acquisition Corp.: Adopted Amended and Restated Memorandum and Articles of Association in connection with IPO (effective 2026-01-27). evidence_excerpt: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/2091222/000121390026010205/0001213900-26-010205-index.htm - claim_id: 18c04ab0306c8e990888964c579eeaef8f733ee7 claim: 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). evidence_excerpt: ● 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. evidence_url: https://www.sec.gov/Archives/edgar/data/2091222/000121390026010205/0001213900-26-010205-index.htm - claim_id: 2de8e6306033636bd5ba0b3b0446681295291585 claim: 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). evidence_excerpt: 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”) evidence_url: https://www.sec.gov/Archives/edgar/data/2091222/000121390026010205/0001213900-26-010205-index.htm - claim_id: 855a27ce1e17ff6a0096760c8b88b2f561128b39 claim: Space Asset Acquisition Corp. entered into Investment Management Trust Agreement with Efficiency INC. valued at Trust agreement for IPO proceeds (effective 2026-01-27). evidence_excerpt: An Investment Management Trust Agreement, dated January 27, 2026, by and between the Company and Efficiency INC., as trustee evidence_url: https://www.sec.gov/Archives/edgar/data/2091222/000121390026010205/0001213900-26-010205-index.htm - claim_id: b613d9d8100352c9f4dc46423801a74a20d9e9f7 claim: 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). evidence_excerpt: A Registration Rights Agreement, dated January 27, 2026, by and among the Company, the Sponsor and the Holders signatory thereto evidence_url: https://www.sec.gov/Archives/edgar/data/2091222/000121390026010205/0001213900-26-010205-index.htm - claim_id: ce95080697f8462febb1b3d7592a92bccaa86d76 claim: 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). evidence_excerpt: An Underwriting Agreement, dated January 27, 2026, by and between the Company and BTIG, LLC, as representative of the underwriters evidence_url: https://www.sec.gov/Archives/edgar/data/2091222/000121390026010205/0001213900-26-010205-index.htm - claim_id: e12640b984d629e9462544cd827eb8c730108bf2 claim: 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). evidence_excerpt: 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”) evidence_url: https://www.sec.gov/Archives/edgar/data/2091222/000121390026010205/0001213900-26-010205-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.