Karman Holdings prices 21 million-share secondary offering at $49.00 per share
Karman Holdings priced an underwritten public offering of 21,000,000 common shares at $49.00 each, all sold by existing stockholders rather than the company. Karman says it will receive none of the proceeds, so the deal changes its share count only through the sale of existing stock, and the company agreed to a 90-day lock-up on its own share sales.
Key points
- Offering priced July 23, 2025 at $49.00 per share; 21,000,000 shares sold by Selling Stockholders
- Karman Holdings will not receive any proceeds from the offering, including any sale of the 3,150,000 option shares
- Underwriters' 30-day option for 3,150,000 additional shares was fully exercised on July 24, 2025
- Company agreed not to sell or dispose of shares for 90 days from July 23, 2025, subject to exceptions; shares delivered July 25, 2025
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 25, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.