Karman prices upsized 14 million share secondary offering at $61.00 per share
Selling stockholders of Karman Holdings Inc. (NYSE: KRMN) agreed to sell 14,000,000 shares at $61.00 each in an underwritten offering that closed June 1, 2026. Karman is not selling any shares and receives no proceeds, so the company does not raise capital, but the sale increases the float available to trade and the company has agreed to a 90-day restriction on its own share sales.
Key points
- Offering size rose to 14,000,000 shares from the 13,500,000 originally proposed, at $61.00 per share.
- Selling stockholders expected gross proceeds of about $854 million before underwriting discounts and expenses; Karman received none.
- Underwriters hold a 30-day option to buy up to 2,100,000 additional shares; the company agreed not to sell shares for 90 days from May 28, 2026, subject to exceptions.
- Karman said its active pipeline was about $3 billion as of May 25, 2026, versus about $1 billion as of March 31, 2025; the company describes these figures as estimates.
The filing
Written by AI on Nov 8, 2026, 12:58 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 June 01, 2026.
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.