Karman Line Acquisition Corp. said it priced its initial public offering at 20,000,000 units for $10.00 each, with trading on the Nasdaq Global Market set to begin August 18, 2026 under the ticker XTERU. The special purpose acquisition company, or SPAC (listed shell company formed to merge with a target), expects the offering to close on August 19, 2026, subject to customary conditions. Each unit includes one Class A ordinary share and one-half of one redeemable warrant; each whole warrant allows the holder to buy one Class A ordinary share at $11.50, subject to adjustments. After the unit components begin trading separately, the shares and warrants are expected to trade as XTER and XTERW. The company said it may pursue a deal in any sector or geography, but intends to focus on businesses connected to space-based infrastructure, particularly aerospace and defense. Cohen & Company Capital Markets is serving as book-running manager alongside Clear Street LLC as co-book runner, and the underwriters have a 45-day option to buy up to 3,000,000 additional units to cover over-allotments. The U.S. Securities and Exchange Commission, or SEC (U.S. markets regulator), declared the registration statement effective on August 17, 2026.