SAAQ 10-K & 10-Q changes, risk factors and insider trading
Space Asset Acquisition Corp. (also SAAQU, SAAQW) · Nasdaq · Blank Checks · CIK 2091222 · All filings on SEC.gov
At a glance
What changed in the latest 10-K
Comparison not available: Not available: fewer than two 10-K filings on EDGAR to compare (only one so far)..
What changed in the latest 10-Q
Risk Factors
Factors that could cause our actual results to differ materially from those in this Quarterly Report are any of the risks described in our Annual Report on Form 10-K for the period from September 12, 2025 (inception) to December 31, 2025, filed with the SEC on March 27, 2026 (the “Annual Report”). Any of these factors could result in a significant or material adverse effect on our results of operations or financial condition. Additional risk factors not presently known to us or that we currently deem immaterial may also impair our business or results of operations. As of the date of this Quarterly Report, there have been no material changes to the risk factors disclosed in the Annual Report.
No wording changes found in this section.
Full comparison: every changed paragraph (0)
Management's Discussion & Analysis (MD&A)
Largest changes
“For the six months ended June 30, 2026, we had net income of $2,861,802, which resulted from earnings and realized gain on marketable securities held in our Trust Account of $3,266,269 and investment earnings on cash equivalents held in the Operating Account of $22,440, offset by general and administrative expenses of $426,907.”see in full comparison
For the three months endedsee in full comparisonMarchJune31,30, 2026, wewehadanet income of$1,004,284,$1,857,518, which resulted from earnings and realized gain on marketable securities held intrustouraccountTrust Account of $1,936,072$1,330,197and investment earnings onmarketablecashsecuritiesequivalents held in the Operating Account of$9,367$13,073, offset by general and administrative expensesexpensesof$335,280.$91,627.
For thesee in full comparisonthreesix months endedMarchJune31,30, 2026, net cash used in operating activities was$363,074.$436,064. Net income of$1,004,284$2,861,802 was adjusted for earnings on marketable securities in our Trust Account of$1,330,197$3,266,269 and non-cash founder share compensation of $90,300. Changes in operating assets and liabilities used$127,461$121,897 of cash for operating activities primarily due to increases in prepaid insurance and prepaid expenses.
Full comparison: every changed paragraph (7)
References in this Quarterly Report on Form 10-Q
for the quarter ended MarchJune 3130, 2026 (the “Quarterly Report”) to “we,” “us” or the “Company”
refer to Space Asset Acquisition Corp. References to our “management” or our “management team” refer to our officers
and directors, and references to the “Sponsor” refer to Space Asset Acquisition Sponsor LLC. The following discussion and
analysis of the Company’s financial condition and results of operations should be read in conjunction with the unaudited condensed
financial statements and the notes thereto contained elsewhere in this Quarterly Report. Certain information contained in the discussion
and analysis set forth below includes forward-looking statements that involve risks and uncertainties.
For the three months ended MarchJune 31,30, 2026,
we we
had a net income of $1,004,284,$1,857,518, which resulted from earnings and realized gain on marketable securities held in trustour accountTrust Account of
$1,936,072 $1,330,197
and investment earnings on marketablecash securitiesequivalents held in the Operating Account of $9,367$13,073, offset by general and administrative
expenses expenses
of $335,280.$91,627.
For the six months ended June 30, 2026, we had net income of $2,861,802, which resulted from earnings and realized gain on marketable securities held in our Trust Account of $3,266,269 and investment earnings on cash equivalents held in the Operating Account of $22,440, offset by general and administrative expenses of $426,907.
For the threesix months ended MarchJune 31,30, 2026, net
cash used in operating activities was $363,074.$436,064. Net income of $1,004,284$2,861,802 was adjusted for earnings on marketable securities in our Trust
Account of $1,330,197$3,266,269 and non-cash founder share compensation of $90,300. Changes in operating assets and liabilities used $127,461$121,897 of
cash for operating activities primarily due to increases in prepaid insurance and prepaid expenses.
For the threesix months ended MarchJune 31,30, 2026, cash
used in investing activities was $230,000,000 due to cash deposited into the Trust Account of $230,000,000.
For the threesix months ended MarchJune 31,30, 2026, net
cash provided by financing activities was $231,904,250, which was due to proceeds from the sale of Units (as defined below), Private Placement
Placement Warrants (as defined below) and public warrants issued as part of the Units.
As of MarchJune 31,30, 2026, we did not have any
off-balance sheet arrangements.
SAAQ insider buying and selling (Form 4)
Since 2026-04-11, insiders reported open-market purchases in 0 Form 4 filings and open-market sales in 0 filings. Totals add up every open-market (code P and S) line in those filings, using the prices reported in the filings. Awards, option exercises, tax withholding and gifts are listed below but not counted.
No Form 4 stock transactions in this period.
Well-known investors holding SAAQ (13F)
| Investor | Quarter | Shares | Reported value | % of their 13F | Change vs prior quarter |
|---|---|---|---|---|---|
| Two Sigma Investments | 2026-06-30 | 362,500 | $3.7M | 0.0% | No change |
| Millennium Management (Israel Englander) | 2026-06-30 | 292,500 | $3.0M | — | Sold out |
| D. E. Shaw & Co. | 2026-06-30 | 200,000 | $2.0M | 0.0% | No change |
| Millennium Management (Israel Englander) | 2026-06-30 | 140,000 | $1.4M | 0.0% | New position |
| D. E. Shaw & Co. | 2026-06-30 | 66,666 | $62.0K | 0.0% | No change |