Xterax Corporation II (formerly known as Karman Line Acquisition Corp.) announced that its shareholders have approved a proposal to change the company's name and adopt a new charter. The extraordinary general meeting was held on October 19, 2026, with a record date of September 15, 2026. At that time, there were 27,316,667 ordinary shares outstanding, consisting of 20,650,000 Class A shares and 6,666,667 Class B shares.
A total of 23,394,375 shares, representing approximately 85.6% of the outstanding shares, were present or represented by proxy. The shareholders voted on two proposals: a name change and the adjournment of the meeting if necessary. The Name Change Proposal was approved by a vote of 23,393,969 shares, with 4 votes against and 402 abstentions. Because this proposal passed, the Adjournment Proposal was not required.
Under Cayman Islands law, the name change and the adoption of the second amended and restated memorandum and articles of association (Second A&R M&A) took effect immediately upon approval. The company will file the special resolution and the new charter with the Registrar of Companies of the Cayman Islands. The new charter is filed as Exhibit 3.1 to this report.
Trading of the company's securities on The Nasdaq Stock Market LLC will continue under the existing symbols: XTERU for units, XTER for Class A ordinary shares, and XTERW for warrants. The CUSIP numbers for these securities remain unchanged, and no action is required from current holders.
