SAAQ SEC filings, in plain English
Everything Space Asset Acquisition has filed with the SEC that we hold — 26 filings, newest first, 24 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: A Schedule 13G, which the SEC defines as a beneficial ownership report required when an investor crosses the five percent threshold of any class of equity security. The filing identifies three related reporting persons: Fort Baker Capital Management LP, Steven Patrick Pigott, and Fort Baker Capital, LLC. The text provides no amendment indicators, transaction dates, share quantities, or acquisition costs. With respect to SAAQ’s SPAC mechanics, the document makes no reference to the January 29, 2028 business combination deadline, the $10.06 per share trust value, any proposed extension votes, shareholder redemption activity, special warrant terms, or modifications to the sponsor or underwriting group. Why it matters: While the excerpt contains zero projections regarding customers, revenue streams, total addressable markets, technology roadmaps, strategic partnerships, litigation posture, or executive compensation, a 13G filing signals external institutional positioning during the SEARCHING phase. Tracking which capital managers accumulate blocks allows investors to monitor pre-announcement alignment, voting weight distribution, and potential advisor influence before a target is named. Absent attached schedules detailing exact share counts or stated investment purpose, the submission offers structural compliance data rather than near-term catalysts, carrying low immediate materiality but moderate long-term tracking value.
What changed: 10-Q (quarterly report) filed with the SEC for the period ended June 30, 2026, by Space Asset Acquisition Corp., a blank check company still searching for a business combination. The company completed its IPO on January 29, 2026, generating $230 million in gross proceeds and placing $230 million in trust. As of June 30, 2026, the trust account holds $233,289,598, with a per-share redemption value of $10.14. Cash and cash equivalents outside trust are $1,468,186. Net income for the six months was $2,861,802, primarily from trust interest. No business combination has been announced. The deadline for completion is January 29, 2028. Why it matters: This filing confirms the current trust value per share ($10.14), the number of shares subject to redemption (23 million), and the remaining time to find a target (until January 2028). It updates the financial position post-IPO, shows no sponsor loans outstanding, and indicates management believes there is sufficient working capital to operate for at least one year. These are key data points for investors monitoring redemption decisions and deal progress.
What changed vs 2026-05-12trust $231.3M → $233.3M +1%trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $231.3M$233.3M
- Combination deadline
- 2028-01-29 · unchanged
- Going-concern doubt
- stated · unchanged
- Mandate language
- the Company intends to focus on companies in the global spac… · unchanged
- Redeemable shares
- 23.0M · unchanged
SpacBrain reads this as $1,959,401 was added to the trust between the two filings.
The clause …“costs 410,731 Total current assets 1,531,186 410,731 Marketable securities held in Trust Account 233,289,598 Prepaid insurance - long term 36,376 TOTAL ASSETS $ 234,857,160 $ 410,731 LIABILITIES, REDEEMABLE CLASS A ORDINARY SHARES”…
The clause …“there can be no assurance that the Company will be able to consummate any Business Combination by January 29, 2028. NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The balance sheet as of December 31, 2025”…
The clause …“these financial statements are issued. Accordingly, management believes that substantial doubt about the Company s ability to continue as a going concern has been alleviated. The Company will have until the end of the Completion Period”…
The clause …“$ 0.0001 par value; 500,000,000 shares authorized; 23,645,000 (including 23,000,000 shares subject to possible redemption) and 0 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 65 Class B ordinary”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: A Joint Filing Agreement (Exhibit 99.1) submitted as part of a Schedule 13G/A amendment pursuant to Sections 13 and 16 of the Securities Exchange Act of 1934. According to the executed agreement, five affiliated vehicles—RP Investment Advisors LP, RP Select Opportunities Master Fund Ltd., RP Debt Opportunities Fund Ltd., RP Alternative Global Bond Fund, and RP Alternative Credit Opportunities Fund—have arranged to submit consolidated ownership disclosures through Richard Pilosof, Chief Executive Officer of RP Investment Advisors LP. The document contains no numerical data on share quantities, beneficial ownership percentages, transaction dates, or cash consideration, and discloses no developments regarding redemption windows, trust valuations, extension votes, or target acquisition milestones. Why it matters: Under the terms written by the signatories, this agreement exerts no mechanical influence on shareholder redemption rights, business combination deadlines, or sponsor conduct, functioning solely as a regulatory conduit that remains effective until revoked in signed writing. The substantive content is confined to corporate disclosure coordination among RP-managed funds operating through RP Investment Advisors GP Inc. As stated by the executing officers, the filing serves only to streamline Commission submissions; investors should monitor subsequent Schedule 13D or 13G/A amendments from these entities for quantified positions, declared investment purposes, or explicit intent to affect director nominations, merger consents, or liquidity conditions.
What changed: A routine compliance exhibit (a Joint Acquisition Statement pursuant to Rule 13d-1(k)) attached to a Schedule 13G, wherein Adage Capital Management, L.P., Robert Atchinson, and Phillip Gross acknowledge that they filed the underlying beneficial ownership report jointly and will submit all future amendments collectively. The exhibited text contains only procedural acknowledgments of shared filing responsibility and individual accountability for accuracy concerning each signer’s own information. It cites no data regarding trust account value, redemption price thresholds, extension requests, target negotiations, or sponsor conduct. Accordingly, there is no change reported herein to the redemption window, trust distributions, or deal progress parameters. Why it matters: Although the document lacks financial or operational disclosures, it legally consolidates the three named parties into a single reporting group for Securities Exchange Act purposes. This aggregation concentrates voting power ahead of the stated search deadline, directly influencing how shareholders may weigh extension votes, approve a de-SPAC merger, or evaluate sponsor governance tracks. Investors tracking capital deployment or redemption timing should monitor subsequent 13D/G amendments, proxy statements, or amended registration documents for updates on trust mechanics or transaction milestones.
What changed: Quarterly report (Form 10-Q) for space SPAC Space Asset Acquisition Corp. This is the first 10-Q since the IPO; trust was funded at $230,000,000 ($10.06/share), all 23,000,000 Class A shares are subject to redemption, working capital $1,622,396, deadline Jan. 29, 2028, no target announced, no legal proceedings, no change in risk factors. Why it matters: This filing establishes the baseline trust value ($10.06/share), the 24-month deadline, the post-IPO cash position, and confirms the sponsor's 25% founder stake is vested. No business combination has been announced, so redemption mechanics and the sponsor's $1.5M working capital loan facility are now in place for investors to track.
What changed: A Form 10-K annual report for the fiscal year ended December 31, 2025, filed by Space Asset Acquisition Corp. (SAAQ), a blank check company (SPAC). It is a post-IPO, pre-business combination annual report. The core document details the company's business strategy, risk factors, financial condition, and results of operations. This is SAAQ's first 10-K since its IPO on January 29, 2026. Key changes from the pre-IPO state include: (1) the completion of a $230 million IPO, including the full exercise of the over-allotment option, on January 29, 2026; (2) the simultaneous sale of 645,000 Private Placement Units for $6.45 million; (3) the deposit of $230 million (Net of deferred underwriting commissions and expenses) into a Trust Account; (4) the reporting of a net loss of $64,829 for the period from inception (September 12, 2025) through December 31, 2025, consisting solely of formation and general & administrative expenses; (5) the identification of a material weakness in internal control over financial reporting due to limited personnel; and (6) the disclosure that the sponsor's officers and directors are co-defendants in an ongoing class action lawsuit related to a previous SPAC. No business combination has been announced. Why it matters: This filing is the baseline for SAAQ's public lifecycle. Investors can track the trust value ($10.06 per share vs. the initial $10.00), the 24-month deadline (January 29, 2028), and the sponsor's conduct. The ongoing litigation involving management (P. Ort and J. Tuder) is a critical new risk factor that could impact the sponsor's ability to consummate a deal. The disclosure of ineffective controls, while addressed post-year-end, is a governance concern. Most importantly, the document provides the detailed terms of the redemption rights, the target sector (global space economy), and the incentive structures for the sponsor, all of which are essential for investors evaluating the risk of holding through a potential de-SPAC transaction.
What changed: Current Report on Form 8-K accompanying Press Release 99.1. Per the press release attached to the filing, Space Asset Acquisition Corp. announced that holders of the 23,000,000 units sold in its initial public offering—including the 3,000,000 units issued pursuant to the underwriters' fully exercised overallotment option, completed on January 29, 2026—may elect to separately trade the Class A ordinary shares and warrants commencing on or about March 20, 2026. Unseparated units will continue trading on Nasdaq under SAAQU. Separated shares will trade under SAAQ and separated warrants under SAAQW. Only whole warrants will trade; no fractional warrants will be issued. Brokers must contact Efficiency INC. to facilitate separation. A registration statement for these securities was declared effective by the SEC on January 27, 2026. Why it matters: This filing confirms standard post-offering mechanics, unlocking liquid equity and derivative positions for public shareholders while the company searches for an initial business combination. It does not modify the redemption deadline, adjust the trust account balance, propose a trust extension, disclose acquisition negotiations, or detail sponsor conduct shifts. As explicitly stated in the press release executed by Principal Executive Officer and Director Peter Ort, all remarks concerning the target search constitute forward-looking statements bounded by the risk factors previously filed with the SEC.
What changed: SEC Form 4 — Statement of Changes in Beneficial Ownership (insider ownership report). This document is an SEC Form 4 insider ownership report. According to the filing, Space Asset Acquisition Sponsor LLC acquired 415,000 shares via a grant/award on 2026-01-29 at $10 per share, resulting in a post-transaction holding of 415,000 shares. Mechanically, the SPAC remains in a SEARCHING status with a reported trust value of $10.06 per share and a business combination deadline of 2028-01-29. The filing discloses no extension votes, redemption count adjustments, trust account reallocations, or amendments to the acquisition period. Why it matters: Sponsor share acquisition at the $10 initial offering price reflects standard founder or private share vesting, which does not dilute public shareholders or alter the $10.06 per-share trust reserve. Because the Form 4 contains no operational disclosures, merger targets, customer claims, revenue metrics, technology roadmaps, partnership agreements, litigation updates, or executive changes, it provides no additional signal regarding deal progression or the 2028-01-29 redemption deadline. For investors tracking redemption windows and trust mechanics, this internal equity movement neither extends the timeline, triggers early liquidation, nor alters sponsor conduct expectations beyond routine position reporting.
What changed: This submission titles itself as a 'SCHEDULE 13D — beneficial ownership report' accompanied by accession number '[0001213900-26-018052]'. The filing text explicitly states that a 'Structured holder table not present in this XML variant.' Accordingly, the document records no updates to the publicly noted trust value of $10.06 per share, the operational deadline of 2028-01-29, any extension voting procedures, target identification milestones, or sponsor conduct. Why it matters: Schedule 13D filings function as mandatory disclosure instruments for shifts in beneficial ownership. Because this XML fragment omits the owner identification table and narrative exhibits, it contains no attributed statements, financial projections, customer claims, partnership disclosures, or strategic assertions from management, sponsors, or external parties. The sole recorded metrics are the accession number, the referenced $10.06 trust baseline, and the 2028-01-29 calendar cutoff. For investors monitoring redemption windows and capital deployment timelines, the absence of the holding schedule prevents verification of whether an entity is positioning for a merger vote, coordinating shareholder redemptions, or signaling financial backing for a business combination. Market participants will need the complete PDF or corrected XML variant to assess sponsor alignment, financing commitments, or takeover defense postures.
What changed: Schedule 13G joint filing agreement (routine compliance exhibit). In its own terms, this is a joint filing agreement executed under the Securities Exchange Act of 1934 to consolidate beneficial ownership disclosures for five affiliated entities: RP Investment Advisors LP, RP Select Opportunities Master Fund Ltd., RP Debt Opportunities Fund Ltd., RP Alternative Global Bond Fund, and RP Alternative Credit Opportunities Fund. Regarding SAAQ’s mechanics, the document contains no updates to the redemption deadline (January 29, 2028), trust value ($10.06), extension status, merger progression, or sponsor conduct. The only operational update is the administrative unification of Section 13 reporting obligations for the listed funds, formally signed by Richard Pilosof, identified as Chief Executive Officer of RP Investment Advisors LP acting through its General Partner. Why it matters: This exhibit confirms coordinated institutional monitoring and consolidated reporting for a specific cluster of alternative credit and fixed-income vehicles tracking SAAQ. Because the attachment only contains the procedural agreement and not the primary 13G data pages, no share counts, ownership percentages, or trading history are disclosed here. No claims regarding target company customers, revenue streams, addressable market sizes, operational strategy, proprietary technology, commercial partnerships, ongoing litigation, or leadership changes are present. According to the filing, the agreement remains binding until revoked in writing by any party, providing transparency into shareholder aggregation without altering the SPAC’s cash preservation trajectory or warrant/redemption calendar.
What changed: An 8-K current report disclosing the January 29, 2026 consummation of Space Asset Acquisition Corp.’s initial public offering and private placement, accompanied by an audited balance sheet and financial statement notes. The registrant confirmed it sold 23,000,000 units at $10.00 per unit, raising $230,000,000 in gross proceeds after the underwriter BTIG fully exercised a 3,000,000-unit over-allotment. Concurrently, Space Asset Acquisition Sponsor LLC and BTIG purchased 645,000 private placement units at $10.00 each, adding $6,450,000. The company placed $230,000,000 into a trust account managed by Efficiency INC., stating this sum includes an $8,050,000 deferred underwriting commission liability. Management noted the company has until January 29, 2028 to complete a business combination, warning that any extension requires a shareholder vote and activates redemption rights at a per-share price equal to the trust deposit divided by outstanding public shares. The sponsor agreed to waive redemption rights on founder shares, transfer 75,000 founder shares to independent directors and 30,000 to advisors for roughly $0.003 per share, and pay up to $20,000 monthly for administrative services. The underwriter agreed to forfeit its $8,050,000 deferred fee if the company fails to close, redirecting those funds to public share redemptions. The sponsor also indemnified the trust against third-party claims reducing assets below the lesser of $10.00 per public share or the actual trust amount, less taxes and up to $100,000 in liquidation expenses. Why it matters: This filing finalizes the initial capital structure, fixing the trust balance at $230,000,000 for 23,000,000 public shares. The hard expiration date dictates when redemption windows open or force a liquidation. Underwriter concession on deferred fees bolsters the downside protection for exiting shareholders. Warrant valuations are explicitly modeled at $0.57 per warrant (based on a $9.81 underlying price, 55% volatility, and 4% risk-free rate via Monte Carlo simulation), establishing early pricing benchmarks. Operational posture remains pre-revenue, with management noting plans to focus on the global space economy, technology, and defense sectors, and requiring target businesses to hold at least 80% of the trust’s fair market value at agreement.
What changed: Form 8-K reporting the consummation of the initial public offering (IPO) of Space Asset Acquisition Corp., a blank-check SPAC, including the full exercise of the underwriters' over-allotment option. The SPAC completed its IPO of 23,000,000 units (20,000,000 firm plus 3,000,000 over-allotment) at $10.00 per unit, generating gross proceeds of $230,000,000. A total of $230,000,000 was deposited into the trust account. Simultaneously, a private placement of 645,000 units (415,000 to sponsor, 230,000 to BTIG) raised $6,450,000, with $4,600,000 of that added to the trust. The trust per public share is $10.00. The deadline to complete a business combination is 24 months from the closing (January 29, 2028). Directors were appointed, and the amended charter and various ancillary agreements were executed. Why it matters: This filing establishes the core SPAC mechanics: trust value of $230M ($10.00 per share), 24-month deadline, and lock-up periods for sponsor/insider shares (Founder Shares locked-up until 180 days post-business combination, Private Placement Units for 30 days). It also confirms that the SPAC is in the searching phase with no target selected. The IPO closing enables the SPAC to begin its search for a business combination in the global space economy (technology and defense sectors).
What changed: A Rule 424(b)(4) IPO prospectus for Space Asset Acquisition Corp. detailing the initial public offering of 20,000,000 units priced at $10.00 each, with each unit comprising one Class A ordinary share and one-third of one redeemable warrant, accompanied by a simultaneous private placement of up to 645,000 units. The filing establishes a fixed 24-month completion window from the anticipated January 29, 2026 closing, mandating that $200,000,000 ($10.00 per public share) be deposited into a United States trust account administered by Efficiency INC. Why it matters: According to the prospectus, the company targets the global space economy, technology, and defense sectors, claiming market expansion from approximately $450 billion in 2020 to $613 billion in 2024, with independent forecasts projecting growth to $1.16 trillion in 2030 and $1.8 trillion by 2035. The filing states private sector investment rose from under $1 billion in the early 2010s to more than $10 billion recently, while government budgets include sustained U.S.
What changed: Form 3 initial statement of beneficial ownership. Per the filing dated 2026-01-27, director Johnson Anders N reported no non-derivative transactions or holdings in Space Asset Acquisition Corp. This submission leaves the redemption calendar, trust account mechanics, extension voting schedule, deal search pipeline, and sponsor oversight protocols untouched. Why it matters: As attributed to the reporting person in accession 0001213900-26-008383, the complete lack of disclosed positions establishes a neutral ownership baseline under Section 16 reporting rules. While routine, it confirms that no directional shift occurred in the director’s equity exposure during the interim period, which redemption-tracking investors monitor as a proxy for insider conviction before a future merger agreement is announced.
What changed: Routine compliance exhibit: an SEC Form 8-A for registration of certain classes of securities pursuant to Section 12(b) or 12(g) of the Securities Exchange Act of 1934. The Registrant confirmed via this filing, signed by Principal Executive Officer and Director Peter Ort on January 27, 2026, that Units, Class A ordinary shares, and warrants are formally registered for Nasdaq trading alongside the existing Registration Statement (File No. 333-291082). Why it matters: Investors tracking deal progress and sponsor conduct see no operational updates, customer disclosures, revenue targets, technology claims, partnership announcements, litigation mentions, or executive departures. The filing serves solely to perfect listing mechanics for the publicly offered capital structure established in the October 24, 2025 offering.
What changed: Form 3 insider ownership report. This Form 3 insider ownership report, as filed, discloses no non-derivative transactions or holdings for Chief Financial Officer Jeffrey Tuder. Accordingly, there are no shifts in insider equity positions that would affect redemptions, the reported trust value of $10.06 per share, the extension deadline of 2028-01-29, deal progression, or sponsor conduct. The document contains no substantive claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel beyond confirming Tuder’s title; it is a routine compliance exhibit reflecting zero executive security activity. Why it matters: For investors monitoring SAAQ’s SEARCHING phase, the absence of reported insider buys, sells, or derivative grants removes a common early signal of deal preparation or internal capital commitment. Without such activity or a published target, the SPAC’s structural mechanics—including shareholder redemption rights and the stated deadline—remain entirely unchanged, and no sponsor conduct indicators require immediate reassessment.
What changed: SEC Form 3 — a routine compliance exhibit reporting insider beneficial ownership, filed by Chairman Raphael Roettgen for Space Asset Acquisition Corp. Per the Form 3 filing, Chairman Roettgen states 'No non-derivative transactions or holdings reported,' indicating zero change in his equity position. Consequently, there are no adjustments to sponsor conduct, deal progress, redemption calendar mechanics, or the $10.06 per-share trust value; the statutory redemption deadline remains fixed at January 29, 2028. Why it matters: Because the filing records no share acquisitions or dispositions, it offers no incremental signal regarding management conviction, extension intent, or target screening momentum during the company’s current SEARCHING phase. Without reported insider activity, investors cannot infer near-term capital calls, bridge financing, or negotiation posture. The submission simply sets a regulatory baseline under Section 16(a), leaving all prior valuation metrics and the 2028-01-29 timeline unaltered until a subsequent Form 4 or proxy discloses actual transactions, personnel additions, or a definitive business combination framework.
What changed: routine compliance exhibit (SEC Form 3 initial beneficial ownership report). The filing reports that reporting person Space Asset Acquisition Sponsor LLC (identified in the document as a director, 10% owner, and Director by Deputization) disclosed no non-derivative transactions or holdings as of 2026-01-27. Accordingly, there are no adjustments to sponsor equity positions, trust account cash flows, redemption deadline calendars, extension vote procedures, or target acquisition pipeline status. Why it matters: Investors monitoring the stated 2028-01-29 deadline and the $10.06 per share trust value receive confirmation that the sponsor exhibited no recent insider activity—such as purchasing, selling, or pledging shares—that would typically precede a business combination, trigger redemption waves, or necessitate an extension. Because the report explicitly records zero non-derivative transactions or holdings, it introduces no new contractual obligations, fee reallocations, or timeline modifications. Beyond the sponsor’s baseline director classification, the document makes no claims about customer concentration, historical or forward-looking revenue streams, addressable market size, proprietary technology readiness, partnership deployments, active or threatened litigation, or key personnel appointments and compensation structures.
What changed: SEC Form 3 — Insider Ownership Report (a routine compliance exhibit). This document is a routine compliance exhibit reporting zero non-derivative transactions or holdings for director Ford Celeste Volz. Bearing on mechanics: there is no change to insider conduct, no adjustment to the redemption calendar, no impact on the trust value of $10.06 per share, and no effect on the business combination deadline of 2028-01-29. Bearing on other substance: the filing contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel actions. Why it matters: Investors tracking redemption windows, trust maintenance, extension timelines, or sponsor behavior will find no new variables introduced by this filing. The reported absence of director equity movement does not alter the $10.06 per-share trust baseline or the 2028-01-29 deadline, nor does it signal deal acceleration, compensation restructuring, or litigation development. As a standard regulatory checkpoint, it verifies unchanged insider positioning without affecting portfolio calculus or forcing timeline reassessments during the extended search phase.
What changed: Form 3 — a routine compliance exhibit and insider ownership report. The filing bears on SPAC mechanics by confirming zero impact to the redemption calendar, trust account per-share value, extension schedule, target acquisition progress, or sponsor conduct. Per the Form 3 itself, no equity or derivative transactions occurred. Why it matters: Beyond the mechanical silence, the document contains no substantive operational disclosures. As explicitly stated in the filing executed by director and Principal Executive Officer Peter Ort, there are 'No non-derivative transactions or holdings reported.' The report makes no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel, and introduces no financial figures beyond the standard SEC submission identifier [0001213900-26-008387].
What changed: A Form 3 initial statement of beneficial ownership of securities by an issuer insider, specifically filed for Director Eric J. Zahler with identification number [0001213900-26-008385]. The filing explicitly states 'No non-derivative transactions or holdings reported.' Per the document, there are no changes to insider share counts or derivative positions that would interact with the SPAC’s capital structure, the $10.06 trust/share, the 2028-01-29 redemption deadline, or active deal progress. Why it matters: This routine disclosure confirms that, as of the filing date, Director Zahler has neither accumulated nor disposed of securities. For investors monitoring sponsor conduct and executive conviction during the SEARCHING phase, the absence of reported trades provides a neutral baseline: it neither signals management alignment through insider purchases nor introduces dilution risk via secondary sales. The filing does not trigger extension procedures, modify redemption windows, or introduce new valuation benchmarks. Investors should monitor subsequent periodic reports for any shift away from this zero-reporting stance, which would be the first indicator of insider positioning ahead of any target acquisition or trust liquidation event.
What changed: Amendment No. 1 to Registration Statement on Form S-1 for Space Asset Acquisition Corp.'s initial public offering of 20,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-third of one redeemable warrant. The SPAC intends to focus on the global space economy. The prospectus is dated January 13, 2026 and remains subject to completion. This amendment updates the initial S-1 to include audited financial statements as of September 30, 2025 and for the period from September 12, 2025 (inception) through September 30, 2025, along with final prospectus content. Key mechanics: trust deposit $10.00 per public share ($200,000,000 total), 24-month deadline from closing to complete a business combination. Sponsor purchased 7,666,667 founder shares for $25,000 ($0.003 per share) and will purchase 385,000 private placement units at $10.00 per unit. BTIG will purchase 200,000 private placement units. No business combination target selected. No forward purchase or backstop arrangements disclosed. Extension may be sought with shareholder vote and redemption rights. Sponsor and insiders waive redemption and liquidation rights from trust. No maximum redemption threshold. Conflicts disclosed: officers/directors also serve as officers/directors of RAAQ and DAAQ, SPACs targeting similar sectors. Why it matters: Establishes the SPAC's IPO framework for investors. Trust value is $10.00 per share initially. Sponsor's nominal $0.003 per share founder cost and waiver of redemption create potential misaligned incentives. Investors can evaluate dilution, redemption mechanics, and the 24-month deadline. No deal progress. This filing is the primary disclosure for the public offering.
What changed: A delaying amendment to a Registration Statement on Form S-1, filed pursuant to Rule 473(c) of the Securities Act of 1933 to invoke Section 8(a) tolling provisions. This submission pauses the automatic effectiveness of the Company’s S-1 (File No. 333-291082, initially filed October 24, 2025) until Space Asset Acquisition Corp. files a subsequent amendment declaring the registration effective, or until the SEC determines otherwise. Why it matters: Delaying amendments are routine regulatory tools used to hold an S-1 clock steady while issuers finalize offering terms, prepare supplemental prospectuses, or respond to SEC examination letters. For investors monitoring the redemption calendar and extension schedule, this confirms the registration process remains administratively suspended and has not reached effectiveness, which is the prerequisite trigger for IPO proceeds depositing into the trust account and public share liquidity commencing.
What changed: Registration statement on Form S-1 for an initial public offering of units (IPO) by a blank-check company. Initial filing of the S-1 registration statement; no prior registration statement exists. The document sets forth the terms of the IPO, including the offering of 20,000,000 units at $10.00 per unit, each consisting of one Class A ordinary share and one-third of one warrant. The trust account will hold $200,000,000 (or up to $230,000,000 if over-allotment exercised) at $10.00 per public share. The company must complete a business combination within 24 months from the closing of the offering, with potential extension up to 36 months via shareholder vote. No target has been identified and no substantive discussions have occurred. Why it matters: This document establishes the core terms of the SPAC: trust value per share ($10.00), redemption rights, 24-month deadline, sponsor compensation (founder shares at $0.003 per share, private placement units, monthly administrative fees, working capital loan conversion), and conflict of interest disclosures. It also details the business strategy focusing on the global space economy, including technology and defense sectors. Investors rely on this to evaluate the SPAC's structure and sponsor alignment.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.