Here are the 10-Q quarterly reports from Xterax Corporation II (XTER) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow XTER and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full XTER filings page.
Karman Line Acquisition Corp. (XTER) reported a six-month net loss of $44,863 for the period ended June 30, 2026, while it remained a blank-check company with no operating revenue and no business-combination target selected. At June 30, it had $18,500 in cash and an $80,772 working capital deficit. The company said it lacked liquidity to meet its working-capital needs for at least one year from the financial statements’ issuance date; its August 19 IPO subsequently provided sufficient liquidity for at least one year from issuance.
The company completed an IPO of 20,000,000 units for $200 million in gross proceeds and sold 650,000 private units for $6.5 million. It placed $200 million in a trust account. Each public unit included one Class A ordinary share and half a warrant; each whole warrant has an $11.50 exercise price. The company has 21 months from the IPO closing to complete a business combination, and public shareholders may redeem shares if it does not complete one within that period. Management reported no substantive discussions with a target.