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Anthony Koblinski, Chief Executive Officer of Karman Holdings Inc. (NASDAQ:KRMN), recently sold shares in the company valued at approximately $8.4 million. The transactions took place on February 14, 2025, coinciding with the company’s initial public offering. Since then, KRMN shares have appreciated significantly, currently trading at $31, representing a 41% increase from the IPO price.
The sale involved two separate transactions. In the first, Koblinski disposed of 379,055 shares at a price of $22 per share, resulting in a total value of $8,339,210. This transaction left Koblinski with no shares directly held by Koblinski Family Holdings, LLC, where he serves as manager.
In a second transaction, Koblinski sold an additional 2,764 shares at the same price, totaling $60,808. These shares are directly held by the Tandem Trust, of which Koblinski is the primary beneficiary. Following this transaction, 2,865,826 shares remain under the trust’s ownership.
These transactions were part of the company’s public offering process, which concluded on the same day. The sales were managed by underwriters as part of the initial public offering. For detailed analysis and additional insights about KRMN’s valuation and growth prospects, visit InvestingPro.
In other recent news, Karman Holdings launched its IPO at $30, notably above the initial pricing of $22. The company offered 23 million shares, with the initial expectation ranging from $18 to $20. Additionally, Karman Holdings, also referred to as Karman Space and Defense, provided 8,421,053 shares of common stock, while selling stockholders contributed an extra 12,631,579 shares. This was 1.9 million more shares than initially anticipated. The IPO was managed by Citi, Evercore ISI, RBC Capital Markets, William Blair, and Baird as joint bookrunners. These developments highlight the strong interest in Karman Holdings’ market debut. The company is now listed on the New York Stock Exchange under the ticker symbol KRMN.
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