Space Asset Acquisition (Nasdaq: SAAQU) opens separate trading of units

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Space Asset Acquisition Corp. is allowing holders of its units to begin separately trading the Class A ordinary shares and warrants included in those units on or about March 20, 2026. Each unit from the company’s initial public offering of 23,000,000 units contains one share and one-third of a redeemable warrant.

Units will continue to trade on The Nasdaq Global Market under “SAAQU,” while the Class A ordinary shares and warrants will trade separately under “SAAQ” and “SAAQW.” No fractional warrants will be issued; only whole warrants will trade, and holders must work through their brokers and the transfer agent to separate their units.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

03/16/2026 - 05:09 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): March 16, 2026

SPACE ASSET ACQUISITION CORP.

(Exact name of registrant as specified in its charter)

Cayman Islands

001-43078

N/A

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

174 Nassau Street

Suite 2100

Princeton, New Jersey 08542

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (609) 924-0759

Not Applicable

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Units, each consisting of one Class A ordinary share, $0.0001 par value, and one-third of one redeemable warrant	SAAQU	The Nasdaq Stock Market LLC
Class A ordinary shares, par value $0.0001 per share	SAAQ	The Nasdaq Stock Market LLC
Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share	SAAQW	The Nasdaq Stock Market LLC

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

On March 16, 2026, Space Asset Acquisition Corp. (the “Company”) issued a press release, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K, announcing that the holders of the Company’s units (the “Units”) may elect to separately trade the Class A ordinary shares, par value $0.0001 per share (the “Class A Ordinary Shares”), and warrants (the “Warrants”) included in the Units commencing on or about March 20, 2026. Each Unit consists of one Class A Ordinary Share and one-third of one redeemable Warrant to purchase one Class A Ordinary Share. Any Units not separated will continue to trade on The Nasdaq Global Market under the symbol “SAAQU”, and 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, the Company’s transfer agent, in order to separate the Units into Class A Ordinary Shares and Warrants.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

EXHIBIT INDEX

Exhibit No.		Description
99.1		Press Release, dated March 16, 2026.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SPACE ASSET ACQUISITION CORP.

	By:	/s/ Peter Ort
		Name:	Peter Ort
		Title:	Principal Executive Officer and Director

Dated: March 16, 2026

Exhibit 99.1

Space Asset Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants,

Commencing on or about March 20, 2026

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

Source: View Original Filing on SEC EDGAR

FAQ

What did Space Asset Acquisition Corp. (SAAQU) announce in this 8-K filing?

Space Asset Acquisition Corp. announced that holders of its units may begin separately trading the Class A ordinary shares and warrants on or about March 20, 2026. Units will retain the SAAQU symbol, while shares and warrants trade under SAAQ and SAAQW.

When can SAAQU unit holders start separate trading of shares and warrants?

Holders of Space Asset Acquisition Corp. units can elect to separately trade the Class A ordinary shares and warrants commencing on or about March 20, 2026. This follows the company’s initial public offering completed on January 29, 2026, covering 23,000,000 units.

How are SAAQU units structured and traded on Nasdaq?

Each unit of Space Asset Acquisition Corp. consists of one Class A ordinary share and one-third of a redeemable warrant to purchase one Class A ordinary share. Units trade on Nasdaq under SAAQU, while separated shares and warrants trade under SAAQ and SAAQW, respectively.

What is the exercise price and treatment of SAAQU warrants on separation?

Each whole warrant of Space Asset Acquisition Corp. is exercisable for one Class A ordinary share at an exercise price of $11.50 per share. No fractional warrants are issued upon unit separation, so only whole warrants will trade under the symbol SAAQW on Nasdaq.

How many units were sold in Space Asset Acquisition Corp.’s IPO?

Space Asset Acquisition Corp.’s initial public offering covered 23,000,000 units, including 3,000,000 units issued when underwriters fully exercised their overallotment option. These units, each containing one share and one-third of a warrant, were sold under a registration statement effective January 27, 2026.

What must SAAQU unit holders do to separate shares and warrants?

Holders of Space Asset Acquisition Corp. units must have their brokers contact the company’s transfer agent, Efficiency INC., to separate units into Class A ordinary shares and warrants. Once separated, the securities trade individually under SAAQ for shares and SAAQW for warrants on Nasdaq.

Filing Exhibits & Attachments

5 documents

Press Releases

EX-99.1 PRESS RELEASE, DATED MARCH 16, 2026 4.5 KB