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Space Asset Acquisition Corp (Nasdaq: SAAQU) closed a $230.0 million initial public offering of 23,000,000 units, including full exercise of a 3,000,000-unit over‑allotment, at $10.00 per unit.
Each unit includes one Class A ordinary share and one‑third of a redeemable warrant exercisable at $11.50. A concurrent private placement raised $6.45 million. The company placed $230.0 million in trust and began trading on Nasdaq under SAAQU on January 28, 2026.
Space Asset Acquisition Corp (NASDAQ:SAAQU) priced a $200 million initial public offering of 20,000,000 units at $10.00 per unit, expected to begin trading on January 28, 2026 on Nasdaq under SAAQU.
Each unit contains one Class A ordinary share and one-third of a redeemable warrant (whole warrants exercisable at $11.50). The offering is expected to close on January 29, 2026, with BTIG as sole book-running manager and a 45-day option for an additional 3,000,000 units. Registration was declared effective by the SEC on January 27, 2026.
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