Karman Line Acquisition Corp. (XTERW) Warrant
Each XTERW warrant gives the holder the right to buy 1 share of Karman Line Acquisition Corp. at $11.50 per share, for five years after the company completes its merger. The stock last closed at $9.80, below the strike, so the warrant is out of the money. Karman Line Acquisition Corp. has a market value of about $267.70M. Karman Line Acquisition Corp. is a SPAC (no deal announced yet). It must complete a deal by May 19, 2028 or the warrants expire worthless. There are 10.00M listed warrants; exercising all of them would add 36.6% to the 27.32M shares outstanding.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.76
From the issuer's S-1/A (2026-08-11).
Company and stock
- Company
- Karman Line Acquisition Corp.
- Underlying stock
- XTER
- Share price
- $9.80
- Market cap
- $267.70M
- Shares outstanding
- 27.32M
- Range since Aug 2026
- $9.78 – $9.84
- Change since Aug 2026
- -0%
- Value of all listed warrants
- $2.60M (1.0% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- Boca Raton, FL
- Incorporated in
- Cayman Islands
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.2601
- Price / model
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Dilution
- Shares outstanding
- 27.32M
- Listed warrants
- 10.00M
- Dilution if all exercised
- 36.6%
Warrant count from filing notes, read by hand (high): Public Warrants.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2028-05-19
- Latest possible deadline
- 2028-05-19
- Trust per share
- $10.00
- Sponsor
- Samara Acquisition Sponsor VI Ltd.
- Sponsor's earlier SPACs
- 2 (1 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about XTERW
When does the XTERW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of XTERW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many XTERW warrants are outstanding?
10.00M listed warrants, equal to 36.6% dilution if all are exercised.
Related warrants
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