---
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"
generated_at: "2026-05-17T01:26:28.494140+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Karman acquires Five Axis for $83M cash + stock; upsizes term loan by $130M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-258706
- JSON: https://secwatch.observer/filing/0001193125-25-258706.json
- Plain text: https://secwatch.observer/filing/0001193125-25-258706.txt

## Key facts
- Debt Financings
  Karman Holdings Inc. incurred term loan of $130,000,000 with Citibank, N.A..
  - Instrument: term loan
  - Principal: $130,000,000
  - Counterparty: Citibank, N.A.
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/2040127/000119312525258706/0001193125-25-258706-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.