Space Asset Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing on or about March 20, 2026

Rhea-AI Summary

Space Asset Acquisition Corp (Nasdaq: SAAQU) announced that holders of the 23,000,000 units sold in its January 29, 2026 offering may separately trade the Class A ordinary shares and warrants beginning on or about March 20, 2026.

Units remaining intact will continue trading as SAAQU; separated Class A ordinary shares and warrants will trade as SAAQ and SAAQW. No fractional warrants will be issued; holders must contact the transfer agent, Efficiency INC, via their brokers to effect separation. A related registration statement was declared effective by the SEC on January 27, 2026.

Positive

• Separate trading begins on or about March 20, 2026
• 23,000,000 units sold in the offering (includes 3,000,000 overallotment)
• New trading symbols SAAQ (shares) and SAAQW (warrants) increase tradability

Negative

• No fractional warrants issued upon separation
• Holders must instruct brokers to contact Efficiency INC, creating administrative steps
• Units left intact continue under SAAQU, possibly causing investor confusion

News Market Reaction – SAAQU

-0.29%

-0.29% Session close to close

In the Mar 17 session, SAAQU declined 0.29%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Princeton, NJ, March 16, 2026 (GLOBE NEWSWIRE) --  Space Asset Acquisition Corp. (Nasdaq: SAAQU) (the “Company”) today announced that holders of the units sold in the Company’s initial public offering of 23,000,000 units, which includes 3,000,000 units issued pursuant to the exercise by the underwriters of their overallotment option in full, completed on January 29, 2026 (the “Offering”), may elect to separately trade the Class A ordinary shares and warrants included in the units commencing on or about March 20, 2026. Any units not separated will continue to trade on The Nasdaq Global Market under the symbol “SAAQU,” and each of the Class A ordinary shares and warrants will separately trade on The Nasdaq Global Market under the symbols “SAAQ” and “SAAQW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Efficiency INC., the Company’s transfer agent, in order to separate the units into Class A ordinary shares and warrants.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on January 27, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s search for an initial business combination. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the Offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact

Peter Ort
Principal Executive Officer and Director
Space Asset Acquisition Corp.
pete@curaleaassociates.com

FAQ

When will Space Asset Acquisition Corp (SAAQU) allow separate trading of shares and warrants?

Separate trading is expected to begin on or about March 20, 2026. According to the company, holders from the January 29, 2026 offering may elect to split units into Class A ordinary shares and warrants around that date.

What new Nasdaq symbols will Space Asset Acquisition Corp use for separated securities?

Separated securities will trade as SAAQ for Class A ordinary shares and SAAQW for warrants. According to the company, units remaining intact will continue trading as SAAQU.

How many units were sold in Space Asset Acquisition Corp's offering (SAAQU)?

The offering sold 23,000,000 units, including 3,000,000 from the underwriters' overallotment. According to the company, the offering completed on January 29, 2026.

Will fractional warrants be issued when SAAQU units are separated?

No, fractional warrants will not be issued upon separation of units. According to the company, only whole warrants will trade after separation, so fractional interests are not converted into tradable warrants.

How do SAAQU holders separate their units into shares and warrants?

Holders must have their brokers contact the transfer agent, Efficiency INC, to separate units. According to the company, broker-assisted instructions to the transfer agent are required to effect the separation.

Was the registration statement for SAAQ/SAAQW declared effective by the SEC?

Yes, the registration statement was declared effective by the SEC on January 27, 2026. According to the company, this effective registration supports the separate trading of the securities.