Karman Line Acquisition closes $200M IPO on Nasdaq
Karman Line Acquisition Corp. closed a $200M IPO on Nasdaq, selling 20M units at $10 each. Units (XTERU) began trading Aug. 18, 2026, with shares (XTER) and warrants (XTERW) to follow. The SPAC targets space-based infrastructure, aerospace, and defense but may pursue other sectors. Cohen & Company and Clear Street led the offering.