Fort Baker reports 8% stake in Space Asset Acquisition
Rhea-AI Filing Summary
Fort Baker Capital Management LP, together with Steven Patrick Pigott and Fort Baker Capital, LLC, reports beneficial ownership of Class A ordinary shares of Space Asset Acquisition Corp. The group collectively holds 1,879,820 Class A shares, representing 8.0% of the outstanding class, based on 23,645,000 Class A shares outstanding as of July 31, 2026. All three reporting persons have shared voting and dispositive power over these shares and no sole voting or dispositive power. The entities file jointly but state they are not members of a group and each disclaims beneficial ownership beyond its pecuniary interest.
Positive
- None.
Negative
- None.
Key Figures
Shares beneficially owned: 1,879,820 Class A ordinary shares
Percent of class owned: 8.0%
Shares outstanding: 23,645,000 Class A ordinary shares
+2 more
5 metrics
Shares beneficially owned
1,879,820 Class A ordinary shares
Beneficially owned by Fort Baker Capital Management LP and related reporting persons
Percent of class owned
8.0%
Percentage of Space Asset Acquisition Corp. Class A ordinary shares
Shares outstanding
23,645,000 Class A ordinary shares
Outstanding as of July 31, 2026, per the issuer’s Form 10-Q
Shared voting power
1,879,820 shares
Shares over which each reporting person has shared voting power
Sole voting power
0 shares
Shares over which each reporting person has sole voting power
Key Terms
beneficial ownership, shared voting power, shared dispositive power, pecuniary interest, +1 more
5 terms
beneficial ownership financial
"The calculation percentage of beneficial ownership in Item 11 was derived"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of that person's pecuniary interest therein"
limited partnership financial
"Fort Baker Capital Management LP: Delaware Limited Partnership"
A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.
FAQ
What percentage of Space Asset Acquisition Corp. (SAAQ) does Fort Baker report owning?
The reporting persons state beneficial ownership of 8.0% of the Class A ordinary shares of Space Asset Acquisition Corp. This percentage is calculated using 23,645,000 shares outstanding as of July 31, 2026.
Do the Fort Baker reporting persons consider themselves a group in SAAQ?
The reporting persons state they are filing jointly but not as members of a group. Each also disclaims beneficial ownership of the reported securities except to the extent of that person’s pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.