NEW YORK (February 20, 2026)—Perkins Coie announced on Friday that it advised Space Asset Acquisition Corp., a special purpose acquisition company, on its $230 million initial public offering of 23 million units at $10 per unit.
Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. The units are listed on the Nasdaq Stock Market under the ticker SAAQU. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols SAAQ and SAAQW, respectively.
The company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. While the company may pursue an initial business combination in any industry, sector, or geographic region, it expects to target opportunities and companies that are in the global space economy, including businesses in the technology and defense sectors.
The Perkins Coie advisory team was led by Corporate Law Partner Elliott Smith and included Counsels Sarah Ross and Jordan Leon, and Associates Benjamin Dale, and Tomisin Ogunsanya.
