Financing ·
Karman Line Acquisition Corp. completed its initial public offering on August 19, 2026, selling 20,000,000 units at…
XTERUXterax Corp II
Karman Line Acquisition Corp. completed its initial public offering on August 19, 2026, selling 20,000,000 units at $10.00 per unit for gross proceeds of $200,000,000. Simultaneously, the company sold 650,000 private placement units to its sponsor and underwriter for $6,500,000. Net proceeds totaling $200,000,000 were placed in a trust account held by Continental Stock Transfer & Trust Company. The underwriters forfeited their 3,000,000-unit over-allotment option on August 18, 2026, resulting in the forfeiture of 1,000,000 founder shares. Transaction costs amounted to $12,574,886, including a $4,000,000 cash underwriting fee and an $8,000,000 deferred underwriting commission payable upon completion of a business combination. The company has 21 months from the IPO closing to consummate an initial business combination or redeem public shares. Karman Line Acquisition Corp. operates as a blank check company in the financial services industry, formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses.