Karman Line Acquisition Corp. (Nasdaq: XTERU) (the “Company”), a SPAC, disclosed that starting August 27, 2026, purchasers of the units (the “Units”) from its initial public offering can choose to trade the Class A ordinary shares (the “Ordinary Shares”) and warrants (the “Warrants”) that make up the Units separately.
Upon separation, the Ordinary Shares and Warrants will be listed on the Nasdaq Global Market (“Nasdaq”) with tickers “XTER” and “XTERW,” respectively. Units that remain intact will keep trading under “XTERU.” Fractional Warrants will not be issued; only whole Warrants can be traded. To split their Units into Ordinary Shares and Warrants, holders must instruct their brokers to reach out to Continental Stock Transfer & Trust Company, the Company’s transfer agent.
The Company was established to execute a merger, share exchange, asset acquisition, share purchase, reorganization, or another comparable business combination with one or more entities. While the Company can target an initial business combination across any industry, sector, or geographic region, its primary focus will be on sectors related to developing or broadening services and capabilities for space-based infrastructure, particularly in aerospace and defense.
The Units were originally sold by the Company through an underwritten offering. Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC served as the book-running manager, joined by Clear Street LLC as co-book runner. Prospectus copies for the offering can be requested from Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, located at 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or via email at capitalmarkets@cohencm.com.
The U.S. Securities and Exchange Commission (the “SEC”) declared the Company’s registration statement for its securities effective on August 17, 2026. This press release does not represent an offer to sell or a solicitation of an offer to buy, nor may any sale of these securities occur in any state or jurisdiction where such an offer, solicitation, or sale would be illegal before registration or qualification under that jurisdiction’s securities laws.
Forward Looking Statements
This press release includes statements that qualify as “forward-looking statements” and are subject to risks and uncertainties. Forward-looking statements are not based on historical facts. They are exposed to numerous risks and uncertainties, many outside the Company’s control, including those detailed in the Risk Factors section of the Company’s registration statement and final prospectus for its initial public offering filed with the SEC, which could cause actual outcomes to diverge from forward-looking statements. Those documents can be accessed on the SEC’s website at www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. There is no guarantee that the Company will successfully complete a business combination transaction.
Richard Davis
KARMAN LINE ACQUISITION CORP.
+1 212-207-0090
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