Space Asset Acquisition Corp. announced the pricing of its initial public offering at 20 million units, each sold for $10, generating $200 million in gross proceeds. The company expects the units to begin trading on NASDAQ on January 28, 2026 under the symbol "SAAQU."
Each unit comprises one Class A ordinary share and one-third of one redeemable warrant. When a whole warrant is assembled, it will permit the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share. The company expects that once the bundled securities begin to trade separately, the Class A ordinary shares and the warrants will carry the ticker symbols "SAAQ" and "SAAQW," respectively.
The offering is slated to close on January 29, 2026, subject to customary closing conditions. BTIG, LLC is acting as the sole book-running manager for the transaction. In connection with the offering, the underwriters have been granted a 45-day option to buy up to an additional 3 million units at the IPO price to cover potential over-allotments.
Space Asset Acquisition Corp. is organized as a blank-check company formed specifically to seek a merger, share exchange, asset acquisition, or related business combination. The company has stated its intention to focus on opportunities within the global space economy, and to consider potential targets that include businesses in the technology and defense sectors.
A registration statement for the securities was declared effective by the U.S. Securities and Exchange Commission on January 27, 2026, according to the company. That filing and the stated timeline frame the expected trading debut and closing schedule that the company has communicated.
Deal terms at a glance
- Units priced: 20 million
- Price per unit: $10
- Total proceeds: $200 million
- Expected unit listing date: January 28, 2026 - NASDAQ, symbol "SAAQU"
- Expected offering close: January 29, 2026, subject to customary closing conditions
- Warrant exercise price (per whole warrant): $11.50
- Underwriter: BTIG, LLC (sole book-running manager)
- Overallotment option: up to 3 million additional units at IPO price for 45 days
This transaction reflects standard SPAC structuring: bundled units combining equity and warrants, an underwriter over-allotment option, and an intention to identify a business combination in a specified sector. The company’s stated focus on the global space economy, including technology and defense, defines the target universe it intends to pursue.