424B7
Resale prospectus
✓ VerifiedKarman's preliminary secondary offering covers 13,500,000 shares from selling stockholders, disclosing an active pipeline that tripled to approximately $3 billion as of May 25, 2026.
Filed May 28, 2026 · 16:36 ET
Summary
- Selling stockholders offer up to 13,500,000 shares, or 15,525,000 with the underwriters' option; the company sells nothing and shares outstanding stay at 132,526,299.
- The active pipeline was estimated at approximately $3 billion as of May 25, 2026, against approximately $1 billion at March 31, 2026, including approximately $500 million in hypersonics and strategic missile defense.
- No single program of the more than 130 active exceeded 12% of revenue on average across 2025 and 2024.
- The stock last traded at $63.52 on May 27, 2026.
Key facts
- Pipeline
- approximately $3 billion
From the filing for Pipeline
“was estimated to be approximately $3 billion as compared to approximately $1 billion of active pipeline as of March 31, 2026”
- Secondary size
- 13,500,000 shares
From the filing for Secondary size
“offering up to an aggregate of 13,500,000 shares of common stock”
Why it mattersSponsors are selling into strength, and the pipeline disclosure explains why the market let them.
- Filed
- May 28, 2026
- Accepted
- 2026-05-28 20:36Z
- Accession no.
- 0001193125-26-245357
- Size
- 701 KB
- Index
- Filing index