Karman Line Acquisition Corp. (XTERU) Prices $200M IPO

Karman Line Acquisition Corp. (NASDAQ:XTERU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “XTERU” on Tuesday, August 18, 2026.

The new SPAC aims to combine with a target company involved with space-based infrastructure with a focus on the aerospace and defense sector.

Karman Line Acquisition Corp. is to be led by Chief Executive Officer Richard Davis and Chief Financial Officer Vikas Mittal. Michael Leitner, Keith Masback and Beth Michelson will serve on its Board of Directors.

Total SPAC deal count for 2026 year-to-date is now 143. This offering is expected to close on Wednesday, August 19, 2026.

Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC is acting as book-running manager for the offering, together with Clear Street LLC as co-book runner. Paul Hastings LLP is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.