Karman Line Acquisition Corp. Form 10-Q — Oct 1, 2026
Karman Line Acquisition Corp. filed its first 10-Q as a public company, covering a pre-IPO period in which it recorded a net loss of $44,863 and held only $18,500 in cash at June 30, 2026 with an $80,772 working capital deficiency. Subsequent to the quarter, the SPAC completed its $200 million IPO on August 19, 2026 (20,000,000 units at $10.00), placing the full amount in trust, plus $6.5 million from 650,000 Private Units sold to its sponsor and underwriters Cohen & Company Capital Markets and Clear Street. The company has no business combination target and has held no substantive discussions with any target; it has 21 months from IPO closing to complete a deal or redeem public shares.
Key figures
- Cash Position
- 18500
- Gross Proceeds
- 200000000
- Unit price
- 10
- Units sold
- 20000000
- Private units
- 650000
- Transaction costs
- 12574886
- Cash underwriting fee
- 4000000
- Trust account balance
- 200000000
- Warrant exercise price
- 11.5
- Completion window months
- 21
- Deferred underwriting fee
- 8000000
- Class a shares outstanding
- 20650000
- Class b shares outstanding
- 6666667
- Private placement proceeds
- 6500000
- Working capital deficiency
- 80772
AI analysis
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