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07/24/2025 – 12:23 AM
HUNTINGTON BEACH, Calif.–(BUSINESS WIRE)–Karman Space & Defense (NYSE: KRMN), a key player in next-gen system solutions for everything from launch vehicles to hypersonic tech, has announced the pricing of its public offering: 21 million shares at $49 a pop. This isn’t Karman directly raising capital, however. Existing stockholders are putting up these shares, and they’ll pocket all the proceeds. Think of it as a facilitated exit for some early investors. The offering is slated to close July 25th, pending the usual conditions.
Here’s a kicker: Those selling stockholders are also giving the underwriters – led by Citigroup and Evercore ISI – a 30-day option to buy another 3.15 million shares. If that option is exercised, again, Karman itself *won’t* see a dime.
Citigroup and Evercore ISI are steering the ship as book-running managers, with Baird, RBC Capital Markets, and William Blair along for the ride as joint bookrunners. As always, the offering is being made through a prospectus, available from the underwriters.
The Securities and Exchange Commission greenlit the registration statement on July 23, 2025. This announcement isn’t an offer to sell (or a solicitation to buy), and it’s void where such transactions are illegal.
ABOUT KARMAN SPACE & DEFENSE
Karman Space & Defense positions itself as a leader in rapidly producing critical systems for the space and defense industries. They claim to provide solutions to over 70 prime contractors, touching more than 100 programs. Their portfolio apparently spans payload protection, aerodynamic systems, and propulsion and launch solutions.
Forward-Looking Statements
As with any public statement, Karman included the standard forward-looking statements disclaimer. In essence, they’re reminding investors that the future is uncertain and that actual results could differ materially from current expectations. The usual caveats apply concerning economic conditions, competition, and regulatory factors – factors largely outside of Karman’s direct control. Buyer Beware.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250723190865/en/
Investor contact:
Steven Gitlin
[email protected]
Media contact:
[email protected]
Source: Karman Space & Defense
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