Karman Line Acquisition Corp. (XTERU) reported that director Keith J. Masback holds 20,000 Class B ordinary shares, directly. According to the company’s founder share terms, these Class B shares will automatically convert into Class A ordinary shares on a one-for-one basis at the time of the company’s initial business combination, or earlier at the holder’s option, and they have no expiration date.
Karman Line Acquisition Corp. (XTERU) reports that its Chief Technology Officer, Graeme B. Shaw, as reporting person, has an indirect interest in 500,000 Class B ordinary shares. These shares are held by ArgoSat Consulting LLC, over which Dr. Shaw and Chief Executive Officer Richard C. Davis share voting and dispositive power, and Dr. Shaw disclaims beneficial ownership except to the extent of his pecuniary interest. The Class B ordinary shares will automatically convert one-for-one into Class A ordinary shares at the time of the company’s initial business combination, or earlier at the holder’s option, and have no expiration date.
Karman Line Acquisition Corp. (symbol XTERU) reported the initial equity holdings of director Beth Michelson on a Form 3. She holds 20,000 Class B ordinary shares, directly. According to the terms described, these Class B founder shares will automatically convert 1-for-1 into Class A ordinary shares at the time of the company’s initial business combination, or earlier at the holder’s option, and they have no expiration date.