---
title: "Space Asset Acquisition Corp. closed $230M IPO with 23M units at $10.00 per unit, including 3M exercisable underwriters' option. Each unit includes 1 share and 1/3 redeemable warrant."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274206850.md"
description: "Space Asset Acquisition Corp. has successfully completed its $230 million initial public offering (IPO) in Princeton, NJ, on January 29, 2026. The company issued 23 million units at $10.00 each, which includes 3 million units from the underwriters' over-allotment option. Each unit consists of one Class A ordinary share and one-third of a redeemable warrant, allowing the purchase of one Class A share at $11.50 upon full exercise of the warrant."
datetime: "2026-01-29T21:17:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274206850.md)
  - [en](https://longbridge.com/en/news/274206850.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274206850.md)
---

# Space Asset Acquisition Corp. closed $230M IPO with 23M units at $10.00 per unit, including 3M exercisable underwriters' option. Each unit includes 1 share and 1/3 redeemable warrant.

Space Asset Acquisition Corp. disclosed the completion of its initial public offering in Princeton, NJ, on Jan. 29, 2026. The company, traded as SAAQU on Nasdaq, issued a total of 23,000,000 units in the offering. This figure includes 3,000,000 units that were part of the over-allotment option exercised by the underwriters. The public offering price was set at $10.00 per unit. Each unit comprises one Class A ordinary share along with one-third of one redeemable warrant. The warrant allows the holder to purchase one Class A ordinary share at a price of $11.50 per share when the whole warrant is exercised.

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