This is a purely cosmetic name change for a SPAC still seeking a business combination. Monitor for any future announcements regarding a target business combination, as the company must complete one within 21 months of its IPO or liquidate.
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Executive Summary
Xterax Corporation II (f/k/a Karman Line Acquisition Corp.) held an extraordinary general meeting on October 19, 2026, where shareholders approved a name change to Xterax Corporation II and adopted second amended and restated memorandum and articles of association. The filing is a routine administrative step for a SPAC, with no financial or operational impact.
Key Facts
- Shareholders approved name change from Karman Line Acquisition Corp. to Xterax Corporation II by special resolution with 23,393,969 votes for, 4 against, 402 abstentions.
- Shareholders approved adjournment proposal by ordinary resolution with 23,394,371 votes for, 4 against, 0 abstentions.
- The second amended and restated memorandum and articles of association were adopted effective October 19, 2026, reflecting only the name change and conforming changes.
- Trading symbols (XTERU, XTER, XTERW) and CUSIP numbers remain unchanged.
- As of the record date (September 15, 2026), there were 27,316,667 ordinary shares outstanding (20,650,000 Class A and 6,666,667 Class B).
- Approximately 85.6% of outstanding shares were present at the meeting.
Financial Impact
No financial impact; name change only.
Risk Factors
- No business combination announced; SPAC faces liquidation risk if no deal is completed within the 21-month deadline from IPO.
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001829126-26-011343 |
| Document: xteraxcorp2_8k.htm | 0001829126-26-011343 |
| Document: 0001829126-26-011343-index-headers.html | 0001829126-26-011343 |
| Document: 0001829126-26-011343-index.html | 0001829126-26-011343 |
| Document: 0001829126-26-011343.txt | 0001829126-26-011343 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | 8-K | $9.78 | awaiting T+20 | — | $9.79 (+0.10%) |
Sep 25, 2026 4w ago | DEF 14A | $9.79 $9.78 | ▼ −0.10% | ▼ −0.07% | $9.79 (−0.00%) |
Aug 26, 2026 8w ago | 8-K | — | awaiting T+20 | — | — |
Aug 18, 2026 10w ago | EFFECT | — | awaiting T+20 | — | — |
Aug 17, 2026 10w ago | 3 | — | awaiting T+20 | — | — |
Aug 17, 2026 10w ago | 3 | — | awaiting T+20 | — | — |
US Market Status
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