Karman Holdings Inc. filed a Form S-1 registration statement for an initial public offering on 2025-01-21. It has amended it 3 times. It filed its final prospectus on 2025-02-13, at a public offering price of $22.00 per share. Each fact below is quoted from the filing named with it.
What the filings say
Listing
Our common stock is listed on the New York Stock Exchange (the NYSE) under the symbol KRMN . On July 18, 2025, the last reported sale price of our common stock on NYSE was $55.47 per share.From the S-1 filed 2025-07-21
Shares offered
We are offering 8,421,053 shares of common stock and the selling stockholders identified in this prospectus are offering an additional 14,578,947 shares of common stock.From the 424B4 filed 2025-02-13
Offering price
The initial public offering price per share is $22.00.From the 424B4 filed 2025-02-13
Underwriters
Citigroup Global Markets Inc. and Evercore Group L.L.C. are acting as lead book-running managers of the offering and as representatives of the underwriters named below.From the S-1 filed 2025-07-21
Use of proceeds
We currently intend to use the net proceeds we receive from this offering, together with our existing cash, cash equivalents and short-term investments for general corporate purposes, including additional development efforts, working capital and operating expenses.From the 424B4 filed 2025-02-13
Revenue
For the three months ended June 30, 2025, we expect revenue to be between $114.50 million and $115.00 million, representing an estimated increase of approximately 34.6% and 35.2%, compared to revenue of $85.04 million for the three months ended June 30, 2024.From the S-1 filed 2025-07-21
Net loss or income
Additionally, we generated net income of $12.7 million on a GAAP basis and $106.1 million of Adjusted EBITDA in 2024, representing a 3.7% and 30.7% net income and Adjusted EBITDA margin, respectively.From the S-1 filed 2025-07-21
Timeline
| Filed | What it is | Filing |
|---|---|---|
| 2025-01-21 | Registration statement filed | S-1 |
| 2025-01-24 | Registration statement amended | S-1/A |
| 2025-02-05 | Registration statement amended | S-1/A |
| 2025-02-10 | Registration statement amended | S-1/A |
| 2025-02-13 | Final prospectus filed: the offering is priced | 424B4 |
| 2025-07-21 | Registration statement filed | S-1 |
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Where this comes from
A company that wants to sell shares to the public in the United States files a registration statement with the SEC: Form S-1 for a US company, Form F-1 for a foreign one. It amends that statement as the figures and terms are filled in, usually adding the expected price range shortly before the offering. Once the offering is priced it files its final prospectus under Rule 424(b)(4). A company that decides not to go ahead can ask for the registration statement to be withdrawn on Form RW.
Every row on this page is one of those filings, linked to the filing itself. The facts are the company's own sentences, quoted from the filing named beside each one and never reworded; where no filing states a fact in a sentence that can be read exactly, this page leaves it out. A filing is the company's statement of its plans and its figures, not a verification of them, and nothing here is investment advice.