Karman Line Acquisition Corp.’s (NASDAQ:XTERU) Quiet Period Will Expire on September 28th

Karman Line Acquisition’s (NASDAQ:XTERU) quiet period will expire on Monday, September 28th. Karman Line Acquisition had issued 20,000,000 shares in its public offering on August 18th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Karman Line Acquisition to a “hold” rating in a research note on Saturday, August 29th.

Karman Line Acquisition Stock Down 0.1%

Shares of XTERU stock opened at $9.94 on Friday. Karman Line Acquisition has a 1 year low of $9.88 and a 1 year high of $10.00.

About Karman Line Acquisition

Karman Line Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

As a SPAC, Karman Line Acquisition does not have an established operating business, product portfolio or geographic customer base of its own. Its primary activities are evaluating potential acquisition targets and seeking shareholder approval for a proposed transaction.

Publicly available information about the company’s specific acquisition criteria, leadership and target industries is limited.