Karman Line Acquisition

General Information
Business:

(Incorporated in the Cayman Islands)

We are a newly incorporated blank check company backed by Meteora Capital. We intend to focus on sectors aligned with airborne and space platforms and remote sensors, defense technology, mobile communications, broadband connectivity, radar, electronic weapons and countermeasures, the Internet of Things (IoT) and AI, as well as Big Data analytics. Our search for an acquisition target will include hardware manufacturers and software companies as well as companies that provide analytics and other space-related services.

CEO Richard Davis is the founder and managing member of ArgoSat.

CFO Vikas Mittal is the managing member and  CIO of Meteora Capital.

(Note: Karman Line Acquisition Corp. priced its SPAC IPO in sync with the terms in the prospectus – 20 million units at $10.00 each – to raise $200 million on Monday night, Aug. 17, 2026. Each unit consists of one share of common stock and one-half of a warrant to buy one share. Background: Karman Line Acquisition Corp. filed an S-1/A on Aug. 11, 2026, and changed the composition of its warrant to one-half of a warrant to buy one share – an increase from its original terms of one-third of a warrant to buy one share. The unit still included one share of common stock. The deal’s size remained the same. Background: Karman Line Acquisition Corp. filed its S-1 for its SPAC IPO on July 27, 2026, and disclosed the terms – 20 million units at $10.00 each – to raise $200 million. Each unit originally consisted of one share and one-third of a warrant to buy one share.)

 

 

 

Industry: BLANK CHECKS
Employees: 0
Founded: 2025
Contact Information
Address 1200 N. Federal Hwy, Suite 200 Boca Raton, FL 33432
Phone Number (212) 207-0090
Web Address
View Prospectus: Karman Line Acquisition
Financial Information
Market Cap $273.17mil
Revenues $0.0 mil (last 12 months)
Net Income $0.0 mil (last 12 months)
IPO Profile
Symbol XTERU
Exchange NASDAQ
Shares (millions): 20.0
Price range $10.00 - $10.00
Est. $ Volume $200.0 mil
Manager / Joint Managers Cohen & Company Capital Markets
CO-Managers
Expected To Trade: 8/18/2026
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change