{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-080289","form_type":"8-K","ticker":"KRMN","cik":"0002040127","company_name":"Karman Holdings Inc.","filed_at":"2025-06-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.763944+00:00","generated_at":"2026-05-20T03:26:25.662930+00:00","sec_items":["1.01","2.03","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Karman acquires ISP for $50M cash plus stock; upsizes term loan by $75M","bullets":["Acquired Industrial Solid Propulsion (ISP) for $50M cash, ~$5M in Karman common shares, plus $5M in potential earnout payments.","Funded cash portion via $75M incremental term loan upsizing its existing $300M Term Loan B.","ISP is a 40-year-old provider of small-diameter energetic propulsion for UAS, intercept, and rocket-assisted takeoff systems.","Acquisition is accretive to Karman across revenue growth, EBITDA margin, contracted revenue, and cash flow.","Transaction closed May 28, 2025; ISP has 14 proprietary propellant families and 400+ motor configurations."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-080289","json":"https://secwatch.observer/filing/0000950170-25-080289.json","markdown":"https://secwatch.observer/filing/0000950170-25-080289.md","text":"https://secwatch.observer/filing/0000950170-25-080289.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2040127/000095017025080289/0000950170-25-080289-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2040127/000095017025080289/ck0002040127-20250527.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T03:26:25.662930+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"706bb7222eef98b6aaa9bfff8e77465b62b049b0","claim":"Karman Holdings Inc. incurred term loan of aggregate original principal amount of $75,000,000 with Citibank, N.A..","evidence_excerpt":"The Credit Agreement Amendment provides for an incremental term loan in the aggregate original principal amount of $75,000,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/2040127/000095017025080289/0000950170-25-080289-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"aggregate original principal amount of $75,000,000"},{"label":"Counterparty","value":"Citibank, N.A."},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}