Space Asset Acquisition Corp.
For the period ended Jun 30, 2026. Filed Aug 3, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 3, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-03-31; filed 2026-05-12.
0001213900-26-055082
Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONSCurrent report: 10-Q
Period ended 2026-06-30; filed 2026-08-03.
0001213900-26-084598
Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONSThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 31 previous paragraphs and 32 current paragraphs.
27 unchanged; 4 reworded; 0 added; 0 removed; 0 previous and 1 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Reworded paragraphs (4)
Previous wording
For the three months ended March 31, 2026, we had a net income of $1,004,284, which resulted from earnings and realized gain on marketable securities held in trust account of $1,330,197 and investment earnings on marketable securities held in the Operating Account of $9,367 offset by general and administrative expenses of $335,280.
Current wording
For the three months ended June 30, 2026, we had net income of $1,857,518, which resulted from earnings and realized gain on marketable securities held in our Trust Account of $1,936,072 and investment earnings on cash equivalents held in the Operating Account of $13,073, offset by general and administrative expenses of $91,627.
Previous wording
For the three months ended March 31, 2026, net cash used in operating activities was $363,074. Net income of $1,004,284 was adjusted for earnings on marketable securities in our Trust Account of $1,330,197 and non-cash founder share compensation of $90,300. Changes in operating assets and liabilities used $127,461 of cash for operating activities primarily due to increases in prepaid insurance and prepaid expenses.
Current wording
For the six months ended June 30, 2026, net cash used in operating activities was $436,064. Net income of $2,861,802 was adjusted for earnings on marketable securities in our Trust Account of $3,266,269 and non-cash founder share compensation of $90,300. Changes in operating assets and liabilities used $121,897 of cash for operating activities primarily due to increases in prepaid insurance and prepaid expenses.
Previous wording
For the three months ended March 31, 2026, cash used in investing activities was $230,000,000 due to cash deposited into the Trust Account of $230,000,000.
Current wording
For the six months ended June 30, 2026, cash used in investing activities was $230,000,000 due to cash deposited into the Trust Account of $230,000,000.
Previous wording
For the three months ended March 31, 2026, net cash provided by financing activities was $231,904,250, which was due to proceeds from the sale of Units (as defined below), Private Placement Warrants (as defined below) and public warrants issued as part of the Units.
Current wording
For the six months ended June 30, 2026, net cash provided by financing activities was $231,904,250, which was due to proceeds from the sale of Units (as defined below), Private Placement Warrants (as defined below) and public warrants issued as part of the Units.
Rearranged current paragraphs (1)
Current report — wording carried from elsewhere
For the six months ended June 30, 2026, we had net income of $2,861,802, which resulted from earnings and realized gain on marketable securities held in our Trust Account of $3,266,269 and investment earnings on cash equivalents held in the Operating Account of $22,440, offset by general and administrative expenses of $426,907.