Business
Space Asset Acquisition Corp. Announces Closing of $230 Million Initial Public Offering Including Exercise of Underwriters’ Over-Allotment Option in Full
PRINCETON, NJ, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Space Asset Acquisition Corp. (Nasdaq: SAAQU) (the “Company”) today announced the closing of its initial public offering of 23,000,000 units, which includes 3,000,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full, at a public offering price of $10.00 per unit. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase o
About this update from Gloo Holdings, Inc.
[{"type":"text","content":"PRINCETON, NJ, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Space Asset Acquisition Corp. (Nasdaq: SAAQU) (the “Company”) today announced the closing of its initial public offering of 23,000,000 units, which includes 3,000,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full, at a public offering price of $10.00 per unit. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share.","length":557,"tagName":"p"},{"type":"text","content":"The units are listed on The Nasdaq Global Market (“Nasdaq”) and commenced trading under the ticker symbol “SAAQU” on January 28, 2026. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “SAAQ” and “SAAQW,” respectively.","length":328,"tagName":"p"},{"type":"text","content":"Concurrently with the closing of the initial public offering, the Company closed on a private placement of 645,000 units at a price of $10.00 per unit, resulting in gross proceeds of $6,450,000. Space Asset Acquisition Sponsor LLC, the Company’s sponsor, purchased 415,000 of the private placement units and BTIG, LLC purchased 230,000 of the private placement units. Each private placement unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of units, $230,000,000 (or $10.00 per unit sold in the public offering) was placed in trust.","length":790,"tagName":"p"},{"type":"text","content":"Space Asset Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination in any industry, sector or geographic region, it intends to target opportunities and companies that are in the global space economy, including businesses in the technology and defense sectors.","length":481,"tagName":"p"},{"type":"text","...