Karman Space & Defense Prices Upsized 14M-Share Offering at $61 for $854M
KRMN•Karman Space & Defense selling 14 million shares of common stock at $61.00 per share, raising approximately $854 million for selling stockholders, up from an initially planned 13.5 million shares. Underwriters have a 30-day option to purchase an additional 2.1 million shares; closing is expected June 1, 2026.
1. Offering Pricing and Size
On May 29, Karman Space & Defense priced an underwritten secondary offering of 14,000,000 shares of its common stock at $61.00 per share, up from the originally proposed 13,500,000 shares.
2. Upsize and Option Details
The upsized offering reflects strong demand, and selling stockholders granted underwriters a 30-day option to purchase up to an additional 2,100,000 shares of common stock.
3. Proceeds and Company Impact
The selling stockholders will receive approximately $854 million in gross proceeds before discounts and expenses, while Karman itself will not receive any proceeds; the offering is expected to close on June 1, 2026, subject to customary conditions.
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