RP Investment Advisors and funds disclose SAAQ (NASDAQ: SAAQ) joint 7.7% stake

Rhea-AI Filing Summary

Space Asset Acquisition Corp. Schedule 13G/A: RP Investment Advisors LP and related funds report joint beneficial ownership positions in the issuer's Class A ordinary shares. The filing lists holdings by five RP-related reporting persons and states the calculations are based on 23,645,000 Class A ordinary shares issued and outstanding as of March 27, 2026.

The excerpt shows RP Investment Advisors (as advisor) and four Funds holding shared voting and dispositive power across the positions, including 1,821,346 shares (7.7%) associated with RP Investment Advisors, 1,044,994 shares (4.4%) for RP Select Opportunities Master Fund Ltd., and smaller positions for RP Debt Opportunities Fund Ltd., RP Alternative Global Bond Fund, and RP Alternative Credit Opportunities Fund. The filing is a joint statement and includes a signed joint filing agreement.

Insights

Corporate Governance Analyst

Joint beneficial ownership disclosed; stakes and shared powers are itemized.

The filing lists that RP Investment Advisors LP and four affiliated funds report shared voting and dispositive power over specific lots of Class A ordinary shares, with the largest disclosed position being 1,821,346 shares (7.7%). The filing anchors percentage calculations to March 27, 2026.

Governance implications depend on whether the group coordinates voting; the statement disclaims that the filers admit group status under Section 13(d)/(g). Subsequent filings would be the source for any change in group or control assertions.

Securities Compliance Attorney

Form is a Schedule 13G/A passive ownership disclosure with joint filing mechanics.

The document is a joint Schedule 13G/A showing beneficial ownership figures and includes the joint filing agreement (Exhibit 99.1). It records shared voting/dispositive power figures for each reporting person and cites the issuer's 10-K for the outstanding share base.

Filing language repeatedly states the reporters do not concede beneficial ownership under Sections 13(d)/(g). Any change to active intent or forming a group would require an updated filing under the securities rules.

Key Figures

Shares outstanding: 23,645,000 shares RP Investment Advisors position: 1,821,346 shares RP Investment Advisors percentage: 7.7% +4 more

7 metrics

Shares outstanding 23,645,000 shares as of March 27, 2026

RP Investment Advisors position 1,821,346 shares reported shared voting/dispositive power; <date>March 27, 2026</date>

RP Investment Advisors percentage 7.7% of Class A ordinary shares based on outstanding shares as of <date>March 27, 2026</date>

RP Select Opportunities position 1,044,994 shares shared voting/dispositive power

RP Alternative Global Bond Fund position 390,954 shares shared voting/dispositive power

RP Debt Opportunities position 203,262 shares shared voting/dispositive power

RP Alternative Credit Opportunities position 182,136 shares shared voting/dispositive power

Key Terms

Schedule 13G/A, beneficially owned, shared dispositive power, Section 13(d) or 13(g)

4 terms

Schedule 13G/A regulatory

"This statement is jointly filed by and on behalf of each of RP Investment Advisors"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned financial

"Amount beneficially owned: See Item 9 on the cover page(s) hereto."

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared dispositive power regulatory

"Shared Dispositive Power 1,821,346.00"

Section 13(d) or 13(g) regulatory

"neither the filing of this statement nor anything herein shall be construed as an admission ... under Section 13(d) or 13(g)"

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Accepted by SEC EDGAR 05/15/2026 - 03:26 PM Learn about SEC filing dates

FAQ

What stake does RP Investment Advisors report in SAAQ?

RP Investment Advisors reports shared voting and dispositive power over 1,821,346 shares, representing 7.7% of Class A ordinary shares based on March 27, 2026. The figure is presented in the joint Schedule 13G/A cover page.

How many Class A shares does the filing use as the outstanding base for SAAQ?

The filing uses an outstanding share base of 23,645,000 Class A ordinary shares as of March 27, 2026, cited from the issuer's Annual Report on Form 10-K referenced in the Schedule 13G/A.

Which RP funds are listed as beneficial owners in the SAAQ filing?

The filing lists four funds: RP Select Opportunities Master Fund Ltd., RP Debt Opportunities Fund Ltd., RP Alternative Global Bond Fund, and RP Alternative Credit Opportunities Fund, each showing specific shared voting and dispositive power amounts.

Does the Schedule 13G/A state RP is forming a control group over SAAQ?

No. The filing contains explicit language that the reporting persons do not admit they are beneficial owners or members of a group under Sections 13(d) or 13(g); it is a joint statement rather than an admission of group control.

Where can I find the joint filing agreement mentioned in the SAAQ filing?

The Schedule 13G/A states Exhibit 99.1 contains the Joint Filing Agreement; the exhibit is filed with the statement and executed by Richard Pilosof on behalf of RP Investment Advisors.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Space Asset Acquisition Corp.

(Name of Issuer)

Class A ordinary shares, $0.0001 par value

(Title of Class of Securities)

G8375S101

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G8375S101

1

Names of Reporting Persons

RP Investment Advisors LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,821,346.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,821,346.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,821,346.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.7 %

12

Type of Reporting Person (See Instructions)

FI, PN, IA

Comment for Type of Reporting Person: This calculation is rounded to the nearest tenth and is based upon 23,645,000 Class A ordinary shares issued and outstanding as of March 27, 2026, as reported by the Issuer in its Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 27, 2026.

SCHEDULE 13G

CUSIP Number(s): G8375S101

1

Names of Reporting Persons

RP Select Opportunities Master Fund Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,044,994.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,044,994.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,044,994.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.4 %

12

Type of Reporting Person (See Instructions)

FI

Comment for Type of Reporting Person: This calculation is rounded to the nearest tenth and is based upon 23,645,000 Class A ordinary shares issued and outstanding as of March 27, 2026, as reported by the Issuer in its Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 27, 2026.

SCHEDULE 13G

CUSIP Number(s): G8375S101

1

Names of Reporting Persons

RP Debt Opportunities Fund Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 203,262.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 203,262.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

203,262.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.9 %

12

Type of Reporting Person (See Instructions)

FI

Comment for Type of Reporting Person: This calculation is rounded to the nearest tenth and is based upon 23,645,000 Class A ordinary shares issued and outstanding as of March 27, 2026, as reported by the Issuer in its Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 27, 2026.

SCHEDULE 13G

CUSIP Number(s): G8375S101

1

Names of Reporting Persons

RP Alternative Global Bond Fund

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 390,954.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 390,954.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

390,954.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.7 %

12

Type of Reporting Person (See Instructions)

FI

Comment for Type of Reporting Person: This calculation is rounded to the nearest tenth and is based upon 23,645,000 Class A ordinary shares issued and outstanding as of March 27, 2026, as reported by the Issuer in its Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 27, 2026.

SCHEDULE 13G

CUSIP Number(s): G8375S101

1

Names of Reporting Persons

RP Alternative Credit Opportunities Fund

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 182,136.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 182,136.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

182,136.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.8 %

12

Type of Reporting Person (See Instructions)

FI

Comment for Type of Reporting Person: This calculation is rounded to the nearest tenth and is based upon 23,645,000 Class A ordinary shares issued and outstanding as of March 27, 2026, as reported by the Issuer in its Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 27, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Space Asset Acquisition Corp.
(b)	Address of issuer's principal executive offices: 174 NASSAU STREET, SUITE 2100, 174 NASSAU STREET, SUITE 2100, PRINCETON, NEW JERSEY, 08542.
Item 2.
(a)	Name of person filing: This statement is jointly filed by and on behalf of each of 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. RP Select Opportunities Master Fund Ltd., RP Debt Opportunities Fund Ltd., RP Alternative Global Bond Fund and RP Alternative Credit Opportunities Fund (the "Funds") are the record and direct beneficial owners of the securities covered by this statement. RP Investment Advisors LP is the investment advisor of, and may be deemed to be beneficially own securities owned by, the Funds. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement. Each of the reporting persons may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for the purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.
(b)	Address or principal business office or, if none, residence: The address of the principal business office of each of the reporting persons is 39 Hazelton Avenue, Toronto, Ontario, Canada, M5R 2E3
(c)	Citizenship: See Item 4 on the cover page(s) hereto.
(d)	Title of class of securities: Class A ordinary shares, $0.0001 par value
(e)	CUSIP No.: G8375S101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See Item 9 on the cover page(s) hereto.
(b)	Percent of class: See Item 11 on the cover page(s) hereto.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Item 5 on the cover page(s) hereto.
	(ii) Shared power to vote or to direct the vote: See Item 6 on the cover page(s) hereto.
	(iii) Sole power to dispose or to direct the disposition of: See Item 7 on the cover page(s) hereto.
	(iv) Shared power to dispose or to direct the disposition of: See Item 8 on the cover page(s) hereto
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

RP Investment Advisors LP

Signature:	/s/ Richard Pilosof
Name/Title:	Richard Pilosof, Chief Executive Officer, RP Investment Advisors LP by its General Partner RP Investment Advisors GP Inc.
Date:	05/15/2026

RP Select Opportunities Master Fund Ltd.

Signature:	/s/ Richard Pilosof
Name/Title:	Richard Pilosof, Chief Executive Officer, RP Investment Advisors LP by its General Partner RP Investment Advisors GP Inc.
Date:	05/15/2026

RP Debt Opportunities Fund Ltd.

Signature:	/s/ Richard Pilosof
Name/Title:	Richard Pilosof, Chief Executive Officer, RP Investment Advisors LP by its General Partner RP Investment Advisors GP Inc.
Date:	05/15/2026

RP Alternative Global Bond Fund

Signature:	/s/ Richard Pilosof
Name/Title:	Richard Pilosof, Chief Executive Officer, RP Investment Advisors LP by its General Partner RP Investment Advisors GP Inc.
Date:	05/15/2026

RP Alternative Credit Opportunities Fund

Signature:	/s/ Richard Pilosof
Name/Title:	Richard Pilosof, Chief Executive Officer, RP Investment Advisors LP by its General Partner RP Investment Advisors GP Inc.
Date:	05/15/2026

Exhibit Information

Exhibit 99.1 Joint Filing Agreement (filed herewith).