Karman Line Acquisition Corp. (XTER)

Karman Line Acquisition Corp. is a special purpose acquisition company, also called a blank-check company, whose Class A ordinary shares trade on the Nasdaq. It was formed to raise capital in an initial public offering and later complete a merger or similar business combination with a private operating company.

The company takes its name from the Karman line, the commonly cited boundary between Earth's atmosphere and outer space, which signals an interest in space, aerospace and related technology businesses. It has no operations of its own, and the specifics of its sponsor, management and search criteria are described in its SEC filings.