---
title: "Space Asset Acquisition - Unit | 10-K: FY2025 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280849618.md"
datetime: "2026-03-27T21:31:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280849618.md)
  - [en](https://longbridge.com/en/news/280849618.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280849618.md)
---

# Space Asset Acquisition - Unit | 10-K: FY2025 Revenue: USD 0

Revenue: As of FY2025, the actual value is USD 0.

EPS: As of FY2025, the actual value is USD -0.01.

EBIT: As of FY2025, the actual value is USD -64.83 K.

#### Segment Revenue

SPACE ASSET ACQUISITION CORP. has not generated any operating revenues to date, operating as a single segment .

#### Operational Metrics

-   **Net Loss**: For the period from September 12, 2025 (inception) through December 31, 2025, the net loss was - $64,829, primarily due to formation, general, and administrative costs .
-   **Basic and Diluted Net Loss Per Ordinary Share**: For the same period, the basic and diluted net loss per ordinary share was - $0.01 .

#### Cash Flow

-   **Net Cash Used in Operating Activities**: For the period from September 12, 2025 (inception) through December 31, 2025, net cash used in operating activities was $0, resulting from a net loss of - $64,829 offset by an increase in accrued expenses of $64,829 .

#### Unique Metrics (Post-IPO Financial Information)

-   **Gross Proceeds from IPO**: On January 29, 2026, the company generated gross proceeds of $230,000,000 from 23,000,000 units through its Initial Public Offering .
-   **Gross Proceeds from Private Placement Units**: Simultaneously, the sale of 645,000 private placement units yielded gross proceeds of $6,450,000 .
-   **Trust Account Balance**: Following the IPO, $230,000,000 from the net proceeds was placed in a Trust Account .
-   **Transaction Costs**: Total transaction costs amounted to $12,602,226, including $4,600,000 in cash underwriting fees, $8,050,000 in deferred underwriting fees, and $527,226 in other offering costs, partially offset by $575,000 reimbursed by underwriters .
-   **Promissory Note Repayment**: An outstanding balance of $143,875 from a non-interest bearing promissory note from the Sponsor was repaid on January 29, 2026 .

#### Outlook / Guidance

SPACE ASSET ACQUISITION CORP. intends to use substantially all funds in the Trust Account to complete its initial Business Combination and expects interest earned on the Trust Account to cover its tax obligations, not anticipating additional operating expenditures post-IPO . However, the company may require additional financing if acquisition costs exceed estimates or if significant public shares are redeemed, potentially leading to the issuance of additional securities or incurring debt .

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