Space Asset Acquisition | 10-Q: FY2026 Q1 Revenue: USD 0
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q1, the actual value is USD 0.
EPS: As of FY2026 Q1, the actual value is USD 0.04.
EBIT: As of FY2026 Q1, the actual value is USD -1.675 M.
Space Asset Acquisition Corp. operates as a blank check company and has not engaged in traditional operations or generated operating revenues to date .
Financial Performance (Three Months Ended March 31, 2026)
- Net Income: $1,004,284 .
- Non-Operating Income:
- Net earnings on marketable securities held in Trust Account: $1,330,197 .
- Earnings on cash equivalents held in Operating Account: $9,367 .
- Operating Expenses: General and administrative expenses were $335,280 .
Liquidity and Capital Resources (Three Months Ended March 31, 2026)
- Net Cash Flow from Operating Activities: - $363,074 .
- Net Cash Flow from Investing Activities: - $230,000,000 .
- Net Cash Flow from Financing Activities: $231,904,250 .
- Cash and Cash Equivalents (End of Period): $1,541,176 .
- Marketable Securities Held in Trust Account: $231,330,197 .
- Total Assets: $233,006,499 .
- Class A Ordinary Shares Subject to Possible Redemption: $231,330,197 .
- Working Capital: A surplus of $1,622,396 .
Future Outlook and Strategy
Space Asset Acquisition Corp. intends to focus on companies in the global space economy, specifically within the technology and defense sectors, for its Business Combination . The company has until January 29, 2028, to complete a Business Combination . Substantially all funds in the Trust Account are designated for this purpose, and while the company does not foresee needing additional funds for operating expenditures, it may seek financing for a Business Combination or share redemptions .
