Space Asset Acquisition Q1 net income rises to $1 million

• Space Asset Acquisition Corp. posted net income of USD 1 million for three months ended March 31, 2026, with no revenue reported.
• Non-operating gains drove results, led by USD 1.33 million of earnings and realized gain on marketable securities held in Trust Account.
• General and administrative expenses totaled USD 335,280, while investment earnings on marketable securities held in Operating Account were USD 9,367.
• Net cash used in operating activities was USD 363,074, while USD 230 million was deposited into Trust Account following the January 29 IPO that raised USD 230 million in gross proceeds from sale of 23,000,000 units.

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