Space Asset Acquisition Sponsor LLC bought SAAQ
January 29, 2026 · Form 4 insider transaction
Space Asset Acquisition Sponsor LLC bought 415,000 shares of Space Asset Acquisition Corp. at $10.00 per share, a transaction worth $4.15M. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 20 days after the transaction.
Footnotes
The reported Class A ordinary shares are within 415,000 of the Issuer's Private Placement Units, as described under the heading "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-291082), purchased by Space Asset Acquisition Sponsor LLC (the "Sponsor") for $10.00 per Private Placement Unit.; This Form 3 is being filed by the Sponsor. The Sponsor is governed by a board of managers consisting of three managers, Jeff Tuder, Peter Ort and Raphael Roettgen. Any action by the Sponsor with respect to the Issuer's securities held by it, including voting and dispositive decisions, requires at least a majority vote of the managers of the board of managers. Under the so-called "rule of three," because voting and dispositive decisions are made by a majority of the managers, none of the managers is deemed to be a beneficial owner of Issuer's securities held by the Sponsor, even those in which such manager holds a pecuniary interest. Accordingly, none of the managers on the Sponsor's board of managers is deemed to have or share beneficial ownership of the Class A ordinary shares held by the Sponsor.