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Karman Space & Defense Announces Pricing of Upsized Secondary Offering of Common Stock

KRMN
  • Karman Space & Defense announced the pricing of an underwritten public offering of 14,000,000 common stock shares sold by certain selling stockholders at $61.00 per share.
  • The offering size increased from the originally proposed 13,500,000 shares, resulting in total aggregate gross proceeds of approximately $854,000,000 for the selling stockholders before deducting underwriting discounts & commissions.
  • Selling stockholders granted underwriters a 30-day option to purchase up to an additional 2,100,000 shares of common stock.
  • Karman did not sell any shares in the offering & will not receive any proceeds from the transaction.
  • The offering is expected to close on June 1, 2026, subject to customary closing conditions.
  • Citigroup & Evercore ISI are acting as book-running managers for the offering.
  • The common stock is being sold pursuant to an effective automatic shelf registration statement on Form S-3 filed with the SEC.
  • Karman is a leader in rapid design, development, & production of next-generation system solutions aligned with U.S. Department of War priorities & space access demands.
  • The company delivers Payload & Protection Systems, Hydro/Aerodynamic Interstage Systems, & Propulsion & Launch Systems to over 80 prime contractors supporting more than 130 space & defense programs.
  • Karman is headquartered in Huntington Beach, CA, with multiple facilities across the United States.