Karman Line Acquisition Corp.XTER
Cash in trust
—
Not yet disclosed
Trust per share
—
Redemption value
IPO
Aug 2026
—
Combination deadline
—
Not disclosed
Filings on record
16
Latest Aug 26, 2026
Overview
Karman Line Acquisition Corp. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002134856. It completed its initial public offering in Aug 2026. Class A shares trade under the ticker XTER, units under XTERU. The vehicle is sponsored by Samara through Samara Acquisition Sponsor VI Ltd. The mandate targets technology, industrials, aerospace & defense. IPO closed, trust funded, no definitive agreement announced.
“we expect to focus on sectors aligned with airborne and space platforms and remote sensors, defense technology, mobile communications, broadband connectivity, radar, electronic weapons and countermeasures, Internet of Things and AI and Big Data analytics sectors.”
Reading the filings
Arithmetic on what Karman Line Acquisition Corp. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Warrant coverage
Each unit carried one-half of one warrant per unit. Warrants are dilution deferred: they cost the holder nothing until exercised, and they overhang the post-combination share count. Thinner coverage is generally a sign of a stronger book at pricing.
Sponsor record
Samara has launched 2 vehicles, none of which has resolved yet, so there is no completion record to read.
Underwriting
Cohen & Company led the offering. It has been named on 47 SPAC IPOs, book-running 46 of them, and 50% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
Scores
Recomputed 4m agoThree readings of Karman Line Acquisition Corp., each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built
FOMO
ElevatedHow much attention is this vehicle attracting right now?
62/100
- Filing activity96
14 in 30 days
- News coverage40
1 story in 30 days
- News tone50
neutral
Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.
These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.
News on Karman Line Acquisition Corp.
Last 90 daysNews sentiment
NeutralAcross 1 recent story, weighted towards the newest. Scored by our own headline classifier using finance- and SPAC-specific terms. It reads what a story is about, not what the shares are worth.
SEC filing history
Free tier: filings older than 24 hours- 8-K
Other events
Items 8.01, 9.01 · Accession 0001829126-26-009338
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001829126-26-009310
- 8-K
Entry into a material definitive agreement; Other events
Items 1.01, 3.02, 5.02, 5.03, 8.01, 9.01 · Accession 0001829126-26-009070
- 424B4
Final IPO prospectus
Accession 0001829126-26-009017
- EFFECT
Notice of effectiveness
Accession 9999999995-26-002682
- 3
Initial statement of beneficial ownership
Accession 0001829126-26-008982
- 3
Initial statement of beneficial ownership
Accession 0001829126-26-008981
- 3
Initial statement of beneficial ownership
Accession 0001829126-26-008980
- 3
Initial statement of beneficial ownership
Accession 0001829126-26-008979
- 3
Initial statement of beneficial ownership
Accession 0001829126-26-008978
- 3
Initial statement of beneficial ownership
Accession 0001829126-26-008977
- CERT
Exchange listing certification
Accession 0001354457-26-000797
- 8-A12B
Registration of securities on an exchange
Accession 0001829126-26-008949
- S-1/A
S-1/A
Accession 0001829126-26-008622
- S-1
Registration statement for the initial public offering
Accession 0001829126-26-007847
- DRS
Draft registration statement (confidential)
Accession 0001829126-26-006721
Karman Line Acquisition Corp.: questions answered
What is Karman Line Acquisition Corp. (XTER)?
Karman Line Acquisition Corp. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002134856. It completed its initial public offering in Aug 2026. Class A shares trade under the ticker XTER, units under XTERU. The vehicle is sponsored by Samara through Samara Acquisition Sponsor VI Ltd. The mandate targets technology, industrials, aerospace & defense. IPO closed, trust funded, no definitive agreement announced.
How much does Karman Line Acquisition Corp. hold in trust?
No trust balance has been disclosed in a filing we have indexed for Karman Line Acquisition Corp.. For a newly priced IPO this is normal: the figure first appears in the quarterly report after closing.
When must Karman Line Acquisition Corp. complete a merger?
No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.
What happens if Karman Line Acquisition Corp. does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in Karman Line Acquisition Corp., and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
What tickers does Karman Line Acquisition Corp. trade under?
Class A shares trade as XTER, the units as XTERU. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.
Is the trust value the same as the share price for Karman Line Acquisition Corp.?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
How much dilution do Karman Line Acquisition Corp.'s founder shares and warrants create?
Each unit also carried one-half of one warrant per unit, which is dilution deferred until exercise. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.
Who sponsors Karman Line Acquisition Corp., and what is their track record?
Samara Acquisition Sponsor VI Ltd is the sponsor entity, part of the Samara franchise. That franchise has launched 2 vehicles in total, none of which has resolved yet. Named principals: Richard C. Davis, Ryan Gentry.
Which banks underwrote the Karman Line Acquisition Corp. IPO?
Cohen & Company, Clear Street. Cohen & Company and Clear Street were credited as book-running managers on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is Karman Line Acquisition Corp. tradeable, and where?
Yes. XTER returned a live quote of $9.83. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.
Is Karman Line Acquisition Corp. a good investment?
That is not a question this site answers. Karman Line Acquisition Corp. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this Karman Line Acquisition Corp. data come from?
Filings Karman Line Acquisition Corp. submitted to the SEC under CIK 0002134856: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Sep 4, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
Samara: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
Cohen & Company in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Technology SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All spacs searching for a target
IPO closed, trust funded, no definitive agreement announced.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.