{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-258706","form_type":"8-K","ticker":"KRMN","cik":"0002040127","company_name":"Karman Holdings Inc.","filed_at":"2025-10-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.435246+00:00","generated_at":"2026-05-17T01:26:28.494140+00:00","sec_items":["1.01","2.03","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Karman acquires Five Axis for $83M cash + stock; upsizes term loan by $130M","bullets":["Acquired Five Axis Industries for $83M cash and 68,625 shares of Karman common stock (~$5M).","Increased Term Loan B from $375M to $505M to fund cash portion and repay revolver credit facility.","Five Axis specializes in engine subsystems (nozzles, fuel systems) for commercial space programs; closed Oct 28, 2025.","Acquisition is immediately accretive to revenue growth, Adjusted EBITDA margin, and cash flow.","Adds complementary capabilities including 3D-printed inconel technology and expands Karman's IP portfolio."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-258706","json":"https://secwatch.observer/filing/0001193125-25-258706.json","markdown":"https://secwatch.observer/filing/0001193125-25-258706.md","text":"https://secwatch.observer/filing/0001193125-25-258706.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2040127/000119312525258706/0001193125-25-258706-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2040127/000119312525258706/d67875d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T01:26:28.494140+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":"ec34962245f75ee6e435af3f5b860b72b4c4cf5a","claim":"Karman Holdings Inc. incurred term loan of $130,000,000 with Citibank, N.A..","evidence_excerpt":"The Credit Agreement Amendment provides for an incremental term loan in the aggregate original principal amount of $130,000,000 (the “Incremental Term Loan”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/2040127/000119312525258706/0001193125-25-258706-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$130,000,000"},{"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"}