secwatch.observer — SEC 8-K summary
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Issuer:     Space Asset Acquisition Corp. (SAAQ)
CIK:        0002091222
Form:       8-K
Filed at:   2026-02-04T23:59:59+00:00
Accession:  0001213900-26-012366
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2091222/000121390026012366/0001213900-26-012366-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2091222/000121390026012366/ea0274776-8k_space.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-012366

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