Recent Updates — XTERU
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.