{"url_path":"/sec/saaqw/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-12","source_url":"https://www.sec.gov/Archives/edgar/data/2091222/0001213900-26-055082-index.html","accession_number":"0001213900-26-055082","cik":"0002091222","ticker":"SAAQ","issuer_name":"Space Asset Acquisition Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2091222/0001213900-26-055082-index.html","primary_entity_key":"0002091222","primary_entity_name":"Space Asset Acquisition Corp."},"word_count":514,"has_tables":true,"body_markdown":"**UNITED STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n** **\n\n**FORM 10-Q**\n\n \n\n**(Mark One)**\n\n☒** QUARTERLY\nREPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n** **\n\n**For the quarterly period ended March 31,\n2026**\n\n** **\n\n**☐ TRANSITION REPORT PURSUANT TO SECTION\n13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n** **\n\n**For the transition period from ______________\nto ______________**\n\n** **\n\n**Commission File Number**\n\n** **\n\n**SPACE ASSET ACQUISITION CORP.**\n\n(Exact name of registrant as specified in its\ncharter)\n\n \n\n**Cayman Islands**   **N/A**\n\n(State or other jurisdiction of\n\nincorporation or organization)\n \n(IRS Employer\n\nIdentification No.)\n\n** **\n\n**174 Nassau Street, Suite 2100,**\n\n**Princeton, New Jersey 08542**\n\n**Telephone: (609) 924-0759**\n\n(Address, including zip code, and telephone number,\nincluding area code, of registrant’s principal executive offices)\n\n \n\n**N/A**\n\n(Former name, former address and former fiscal\nyear, if changed since last report)\n\n \n\nSecurities registered pursuant to Section 12(b) of the Act:\n\n \n\n**Title of each class**   **Trading Symbol(s)**   **Name of each exchange on which registered**\n\nUnits, 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\n\n         \n\nClass A ordinary shares, par value $0.0001 per share   SAAQ   The Nasdaq Stock Market LLC\n\n         \n\nWarrants, 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\n\n \n\nIndicate by check mark whether the registrant\n(1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12\nmonths (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements\nfor the past 90 days. Yes ☒ No ☐\n\n \n\nIndicate by check mark whether the registrant\nhas submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Section 232.405\nof this chapter) during the preceding 12 months (or such shorter period that the registrant was required to submit such files). Yes ☒\nNo ☐\n\n \n\nIndicate by check mark whether the registrant\nis a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company.\nSee the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”\nand “emerging growth company” in Rule 12b-2 of the Exchange Act:\n\n \n\nLarge accelerated filer ☐ Accelerated filer ☐\n\nNon-accelerated filer ☒ Smaller reporting company ☒\n\n  Emerging growth company ☒\n\n \n\nIf an emerging growth company, indicate by check\nmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting\nstandards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\n \n\nIndicate by check mark whether the registrant\nis a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☒ No ☐\n\n \n\nAs of May 12, 2026, there were 23,645,000 Class\nA ordinary shares, par value $0.0001 per share, issued and outstanding, and 7,667,667 shares of the registrant's Class B ordinary share,\npar value $0.0001 per share, issued and outstanding. \n\n \n\n \n\n \n\n \n\n \n\n  \n\n \n \n \n**Page**\n\n[**PART 1 - FINANCIAL INFORMATION**](#a_001)\n \n1"}