Karman Line Acquisition Corp. (NASDAQ: XTERU) announced that holders of its units may begin separately trading Class A ordinary shares and warrants commencing August 27, 2026.

The separation allows investors to trade the components independently on the Nasdaq Global Market. The ordinary shares will trade under the symbol XTER, while the warrants will trade under XTERW. Units that remain unseparated will continue to trade under the existing symbol XTERU.

Trading Mechanics

Holders must instruct their brokers to contact Continental Stock Transfer & Trust Company, the company’s transfer agent, to execute the separation. The process issues only whole warrants; no fractional warrants will be created or traded upon separation.

Strategic Focus

Karman Line was formed to effect a merger, share exchange, asset acquisition, or similar business combination. While it may pursue targets in any industry or geography, the company intends to focus on sectors aligned with space-based infrastructure, specifically within aerospace and defense.

Offering Details

The U.S. Securities and Exchange Commission declared the registration statement effective on August 17, 2026. Cohen & Company Capital Markets acted as book-running manager for the initial public offering, with Clear Street LLC serving as co-book runner.

Prospectus copies are available from Cohen & Company Capital Markets at 3 Columbus Circle, New York, NY 10019, or via email at capitalmarkets@cohencm.com .

Karman Line Acquisition Corp announced the closing of its initial public offering on August 19, 2026, raising gross proceeds of $200 million through the sale of 20,000,000 units at a price of $10.00 per unit. The special purpose acquisition company (SPAC) plans to use the capital to effect a merger, share exchange, asset acquisition, or similar business combination with one or more businesses.

The company intends to focus its search for an initial business combination on sectors aligned with the creation or expansion of services and capabilities for or tangential to space-based infrastructure. Specifically, Karman Line will prioritize opportunities within the aerospace and defense sectors.

Offering Structure and Trading Details

Each unit sold in the offering consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments.

The units began trading on the Nasdaq Global Market under the ticker symbol XTERU on August 18, 2026. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed under the symbols XTER and XTERW, respectively.

Underwriting and Over-Allotment

Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, acted as book-running manager for the offering. Clear Street LLC served as co-book runner. The company granted the underwriters a 45-day option to purchase up to 3,000,000 additional units at the initial public offering price to cover over-allotments, if any.

Regulatory Status

A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (SEC) on August 17, 2026. Copies of the registration statement and preliminary prospectus are available on the SEC’s website.

The public offering is being made only by means of a prospectus. Interested parties may obtain copies from Cohen & Company Capital Markets at 3 Columbus Circle, 24th Floor, New York, NY 10019, or by email at capitalmarkets@cohencm.com .