SPAC Karman Line closes $200M IPO; units trade on Nasdaq under XTERU

Karman Line Acquisition Corp.

IPO of 20,000,000 units at $10.00/unit closed Aug 19, 2026; gross proceeds $200,000,000 before expenses.
Each unit = one Class A ordinary share + one-half warrant (exercise $11.50); expected to trade as XTER/XTERW.
Underwriters granted 45-day option to purchase up to 3,000,000 additional units for over-allotments.
Private placement: 650,000 units at $10.00 each to Sponsor Samara Acquisition Sponsor VI Ltd., raising $6.5M.
New directors appointed Aug 17: Leitner, Masback, Michelson; company to target space/aerospace/defense acquisitions.

item 1.01 item 3.02 item 5.02 item 5.03 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Michael Leitner

Director

XTER · Karman Line Acquisition Corp.

Effective: 2026-08-17
Filed: August 19, 2026, 4:11 PM ET

On August 17, 2026, in connection with the IPO, Michael Leitner, Keith Masback and Beth Michelson (the “ New Directors ” and, collectively with Richard Davis and Vikas Mittal, the “ Directors ”) were appointed to the board of directors of the Company (the “ Board ”).

Appointed

Beth Michelson

Director

XTER · Karman Line Acquisition Corp.

Effective: 2026-08-17
Filed: August 19, 2026, 4:11 PM ET

On August 17, 2026, in connection with the IPO, Michael Leitner, Keith Masback and Beth Michelson (the “ New Directors ” and, collectively with Richard Davis and Vikas Mittal, the “ Directors ”) were appointed to the board of directors of the Company (the “ Board ”).

Appointed

Keith Masback

Director

XTER · Karman Line Acquisition Corp.

Effective: 2026-08-17
Filed: August 19, 2026, 4:11 PM ET

On August 17, 2026, in connection with the IPO, Michael Leitner, Keith Masback and Beth Michelson (the “ New Directors ” and, collectively with Richard Davis and Vikas Mittal, the “ Directors ”) were appointed to the board of directors of the Company (the “ Board ”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Leitner was appointed as Director at Karman Line Acquisition Corp..

Action: appointed
Role: Director

Exact text from the filing

On August 17, 2026, in connection with the IPO, Michael Leitner, Keith Masback and Beth Michelson (the “ New Directors ” and, collectively with Richard Davis and Vikas Mittal, the “ Directors ”) were appointed to the board of directors of the Company (the “ Board ”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Beth Michelson was appointed as Director at Karman Line Acquisition Corp..

Action: appointed
Role: Director

Exact text from the filing

On August 17, 2026, in connection with the IPO, Michael Leitner, Keith Masback and Beth Michelson (the “ New Directors ” and, collectively with Richard Davis and Vikas Mittal, the “ Directors ”) were appointed to the board of directors of the Company (the “ Board ”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Keith Masback was appointed as Director at Karman Line Acquisition Corp..

Action: appointed
Role: Director

Exact text from the filing

On August 17, 2026, in connection with the IPO, Michael Leitner, Keith Masback and Beth Michelson (the “ New Directors ” and, collectively with Richard Davis and Vikas Mittal, the “ Directors ”) were appointed to the board of directors of the Company (the “ Board ”).

View on SEC.gov

Karman Line Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001829126-26-009070

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