Karman Space & Defense (NYSE: KRMN) announced a secondary public offering of 13.5 million shares of common stock by certain selling stockholders. The company will not sell any shares in the offering and will not receive proceeds from the sale.

The selling stockholders plan to grant underwriters a 30-day option to purchase up to an additional 2.025 million shares. Citigroup and Evercore ISI are serving as book-running managers for the offering.

The shares are being offered through an effective automatic shelf registration statement on Form S-3 filed with the Securities and Exchange Commission. All net proceeds from the offering will go to the selling stockholders.

Karman Space & Defense, based in Huntington Beach, California, develops system solutions for the U.S. Department of Defense and space access programs. The company provides payload and protection systems, hydro/aerodynamic interstage systems, and propulsion and launch systems to more than 80 prime contractors supporting over 130 space and defense programs.

The offering is subject to market and other conditions. Information is available through the SEC's EDGAR database and from the underwriters upon request.