Space Asset Acquisition Corp. closes $230M IPO and private placement; trust funded

Space Asset Acquisition Corp.

IPO of 23M units at $10.00/unit closed Jan 29, 2026; gross proceeds $230M, including full over-allotment exercise.
Private placement of 645K units to sponsor (415K) and BTIG (230K) for $6.45M.
$230M placed in trust account; working capital surplus $1.82M outside trust.
Must complete initial business combination by Jan 29, 2028; focus on global space economy.
Audited balance sheet as of Jan 29, 2026 shows $231.8M total assets, $230M redeemable shares, ($6.2M) deficit.

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