---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-012366"
form_type: "8-K"
ticker: "SAAQ"
cik: "0002091222"
company_name: "Space Asset Acquisition Corp."
filed_at: "2026-02-04T23:59:59+00:00"
generated_at: "2026-05-16T05:06:17.972208+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-26-012366
- form_type: 8-K
- ticker: SAAQ
- cik: 0002091222
- company_name: Space Asset Acquisition Corp.
- filed_at: 2026-02-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2091222/000121390026012366/0001213900-26-012366-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2091222/000121390026012366/ea0274776-8k_space.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-012366
- JSON: https://secwatch.observer/filing/0001213900-26-012366.json
- Plain text: https://secwatch.observer/filing/0001213900-26-012366.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.