# EDGAR Filing Document

**Accession Number:** 0002040127
**File Stem:** 0001193125-25-163643
**Filing Date:** 2025-7
**Character Count:** 19552
**Document Hash:** ebb6660b6d4ea454760734f43263b049
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-163643.hdr.sgml**: 20250723

**ACCESSION NUMBER**: 0001193125-25-163643

**CONFORMED SUBMISSION TYPE**: S-1MEF

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20250723

**DATE AS OF CHANGE**: 20250723

**EFFECTIVENESS DATE**: 20250723

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Karman Holdings Inc.
- **CENTRAL INDEX KEY:** 0002040127
- **STANDARD INDUSTRIAL CLASSIFICATION:** AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 852660232
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-1MEF
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-288910
- **FILM NUMBER:** 251144351

**BUSINESS ADDRESS:**
- **STREET 1:** 5351 ARGOSY AVE
- **CITY:** HUNTINGTON BEACH
- **STATE:** CA
- **ZIP:** 92649
- **BUSINESS PHONE:** (714) 898-9951

**MAIL ADDRESS:**
- **STREET 1:** 5351 ARGOSY AVE
- **CITY:** HUNTINGTON BEACH
- **STATE:** CA
- **ZIP:** 92649

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TCFIII SPACECO HOLDINGS LLC
- **DATE OF NAME CHANGE:** 20241003

**As filed with the U.S. Securities and Exchange Commission on July 23, 2025** 

**Registration No. 333-** 

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM S-1** 

**REGISTRATION STATEMENT** 

***UNDER***

***THE SECURITIES ACT OF 1933***

## Karman Holdings Inc.
**(Exact name of registrant as specified in its charter)** 

---

| | | |
|:---|:---|:---|
| **Delaware** | **3728** | **85-2660232** |
| **(State or other jurisdiction of**<br> **Incorporation or organization)** | **(Primary Standard Industrial**<br> **Classification Code Number)** | **(I.R.S. Employer**<br> **Identification No.)** |

---

**5351 Argosy Avenue** 

**Huntington Beach, CA 92649** 

**(714) 898-9951** 

**(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)** 

**Mike Willis** 

**Chief Financial Officer** 

**Karman Holdings Inc.** 

**5351 Argosy Avenue, Huntington Beach, CA 92649** 

**(714) 898-9951** 

**(Name, address, including zip code, and telephone number, including area code, of registrant's agent for service)** 

***With copies to:***

---

| | |
|:---|:---|
| **Brandon McCoy, Esq.<br>Sean M. Ewen, Esq.<br>Hugh J. McLaughlin, Esq.**<br> **Willkie Farr & Gallagher LLP**<br> **787 Seventh Avenue**<br> **New York, NY 10019**<br> **(212) 728-8000** | **Marc D. Jaffe**<br> **Erika L. Weinberg**<br> **Latham & Watkins LLP**<br> **1271 Sixth Avenue**<br> **New York, NY 10020**<br> **(212) 906-1200** |

---

**Approximate date of commencement of proposed sale to the public**: As soon as practicable after this Registration Statement is declared effective.

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box: ☐

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☒ File No. 333-288809

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer" "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act:

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| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☒ | Smaller reporting company | ☐ |
|  |  | Emerging growth company | ☒ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

**This Registration Statement shall become effective upon filing in accordance with Rule 462(b) under the Securities Act.** 

------

**EXPLANATORY NOTE AND INCORPORATION OF CERTAIN INFORMATION BY REFERENCE**

Pursuant to Rule 462(b) under the Securities Act of 1933, as amended ("***Securities Act***"), Karman Holdings Inc. ("***Registrant***") is filing this Registration Statement on Form S-1 (this "***Registration Statement***") with the Securities and Exchange Commission ("***Commission***"). This Registration Statement relates to the public offering of securities contemplated by the Registration Statement on [Form S-1](http://www.sec.gov/Archives/edgar/data/2040127/000119312525023079/d882184ds1a.htm), as amended (File No. 333-288809) (the "***Prior Registration Statement***"), which the Registrant originally filed with the Commission on [July 21, 2025](http://www.sec.gov/Archives/edgar/data/2040127/000119312525009584/d882184ds1.htm), and which the Commission declared effective on July 23, 2025.

The Registrant is filing this Registration Statement for the sole purpose of increasing the aggregate number of shares of common stock offered by the selling stockholders set forth in the Prior Registration Statement by 1,150,000 shares, 150,000 of which are subject to purchase upon the exercise of the underwriters' option to purchase additional shares of the Registrant's common stock. The additional shares that are being registered for sale are in an amount and at a price that together represent no more than 20% of the maximum aggregate offering price set forth in the Calculation of Registration Fee table contained in the Prior Registration Statement. The information set forth in the Prior Registration Statement and all exhibits to the Prior Registration Statement are incorporated by reference into this Registration Statement.

The required opinions and consents are listed on the Exhibit Index attached hereto and filed herewith.

**UNDERTAKING** 

The Company hereby certifies to the Commission that (i) it has instructed its bank to pay the Commission the filing fee set forth in the cover page of this Registration Statement by wire transfer of such amount to the Commission's account at U.S. Bank as soon as practicable (but no later than the close of business on July 23, 2025); (ii) it will not revoke such instruction; (iii) it has sufficient funds in the relevant account to cover the amount of such filing fee; and (iv) it will confirm receipt of such instructions by its bank during the bank's regular business hours no later than July 23, 2025.

------

**EXHIBITS** 

---

| | |
|:---|:---|
| **Exhibit <br>Number** | **Description** |
| 5.1 | [Opinion of Willkie Farr & Gallagher LLP.](d20420dex51.htm) |
| 23.1 | [Consent of Baker Tilly LLP.](d20420dex231.htm) |
| 23.2 | [Consent of Willkie Farr & Gallagher LLP (included as part of Exhibit 5.1).](d20420dex51.htm) |
| 24.1 | [Power of Attorney (included on signature pages to this Registration Statement).](#sig) |
| 107 | [Filing Fee Table.](d20420dexfilingfees.htm) |

---

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Huntington Beach, California, on July 23, 2025.

---

| | |
|:---|:---|
| **Karman Holdings Inc.** | **Karman Holdings Inc.** |
| By: | /s/ Mike Willis |
| Name: | Mike Willis |
| Title: | Chief Financial Officer |

---

**POWER OF ATTORNEY** 

KNOW ALL PEOPLE BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Mike Willis, the true and lawful attorneys-in-fact and agents of the undersigned, with full power of substitution and resubstitution, for and in the name, place and stead of the undersigned, to sign in any and all capacities (including, without limitation, the capacities listed below), the registration statement, any and all amendments (including post-effective amendments) to the registration statement and any and all successor registration statements of Karman Holdings Inc., including any filings pursuant to Rule 462(b) under the Securities Act of 1933, as amended, and to file the same, with all exhibits thereto, and all other documents in connection therewith, with the Securities and Exchange Commission, and hereby grants to such attorneys- in-fact and agents, and each of them, full power and authority to do and perform each and every act and anything necessary to be done to enable Karman Holdings Inc. to comply with the provisions of the Securities Act and all the requirements of the Securities and Exchange Commission, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or his or her substitute, or substitutes, may lawfully do or cause to be done by virtue hereof.

**\* \* \* \*** 

Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signatures** | **Title** | **Date** |
| /s/ Tony Koblinski<br> Tony Koblinski | Chief Executive Officer<br> (principal executive officer) | July 23, 2025 |
| /s/ Mike Willis<br> Mike Willis | Chief Financial Officer<br> (principal financial officer and principal accounting officer) | July 23, 2025 |
| /s/ David Stinnett<br> David Stinnett | Director | July 23, 2025 |
| /s/ Brian Raduenz<br> Brian Raduenz | Director | July 23, 2025 |

---

------

---

| | | |
|:---|:---|:---|
| **Signatures** | **Title** | **Date** |
| /s/ Stephen Twitty<br> Stephen Twitty | Director | July 23, 2025 |
| /s/ Matthew Alty<br> Matthew Alty | Director | July 23, 2025 |
| /s/ Mary Petryszyn<br> Mary Petryszyn | Director | July 23, 2025 |

---

## Exhibit 5.1

---

| | |
|:---|:---|
| ![LOGO](g20420g0719223253443.jpg) | 787 Seventh Avenue<br> New York, NY 10019-6099<br> Tel: 212 728 8000<br> Fax: 212 728 8111 |

---

**Exhibit 5.1** 

July 23, 2025

Karman Holdings Inc.

5351 Argosy Avenue

Huntington Beach, CA 92649

Ladies and Gentlemen:

We have acted as counsel to Karman Holdings Inc., a Delaware corporation (the "<u>Company</u>"), in connection with the preparation and filing of a Registration Statement on Form S-1 on the date hereof pursuant to Rule 462(b) (as amended, the "<u>Additional Registration Statement</u>") under the Securities Act of 1933, as amended (the "<u>Securities Act</u>"), relating to the proposed sale of up to 21,000,000 shares of common stock of the Company, par value $0.001 per share ("<u>Common Stock</u>"), by the selling stockholders identified in the Registration Statement (the "<u>Selling Stockholders</u>") (such shares of the Common Stock to be sold by the Selling Stockholders, the "<u>Firm Shares</u>") and up 3,150,000 additional shares of Common Stock to be sold by a certain Selling Stockholder upon the exercise of the underwriters' option (the "<u>Additional Shares</u>" and, together with the Firm Shares, the "<u>Shares</u>"). The offering of the Shares is referred to herein as the "<u>Offering</u>".

The Additional Registration Statement incorporates by reference the Registration Statement on Form S-1, File No. 333-288809, as amended (the "Registration Statement", together with the Additional Registration Statement, the "Registration Statements"), of the Company, filed with the Commission pursuant to the Securities Act.

In connection with this opinion, we have examined and relied upon the Registration Statements and originals or copies certified to our satisfaction of such other documents, records, certificates, memoranda and other instruments as in our judgment are necessary or appropriate to enable us to render the opinion expressed below. We have relied upon certificates and other assurances of officers of the Company as to factual matters without having independently verified such factual matters. We have assumed the genuineness and authenticity of all documents submitted to us as originals, and the conformity to originals of all documents submitted to us as copies thereof and the due execution and delivery by all parties other than the Company of all documents where due execution and delivery are a prerequisite to the effectiveness thereof.

No opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement, other than as expressly stated herein with respect to the issue of the Additional Shares. Our opinion is limited to the matters stated herein and no opinion is implied or may be inferred beyond the matters expressly stated. Our opinion herein is expressed solely with respect to the General Corporation Law of the State of Delaware and we express no opinion with respect to any other laws. Our opinion is based on these laws as in effect on the date hereof, and we disclaim any obligation to advise you of facts, circumstances, events or developments which hereafter may be brought to our attention and which may alter, affect or modify the opinion expressed herein.

Based upon the foregoing, and subject to the assumptions, exceptions, qualifications and limitations set forth herein, we are of the opinion that the Shares are validly issued, fully paid and non-assessable.

We consent to the use of this opinion as an exhibit to the Additional Registration Statement, and further consent to the use of our name wherever appearing in said Additional Registration Statement and in any amendment or supplement thereto. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.

BRUSSELS CHICAGO DALLAS FRANKFURT HAMBURG HOUSTON LONDON LOS ANGELES

MILAN MUNICH NEW YORK PALO ALTO PARIS ROME SAN FRANCISCO WASHINGTON

------

Karman Holdings Inc.

July 23, 2025

Very truly yours,

/s/ Willkie Farr & Gallagher LLP

## Exhibit 23.1

**Exhibit 23.1** 

**Consent of Independent Registered Public Accounting Firm** 

We consent to the incorporation by reference in this Registration Statement on Form S-1 of Karman Holdings Inc., filed pursuant to Rule 462(b) of the Securities Act of 1933, of our report dated April 9, 2025, relating to the consolidated financial statements of TCFIII Spaceco Holdings LLC., and to the reference to us under the heading "Experts" in such Registration Statement on Form S-1 of Karman Holdings Inc. (No. 333-288809) and related prospectus.

/s/ Baker Tilly US, LLP

(formerly, Moss Adams LLP)

Irvine, CA

July 23, 2025

## Ex-Filing

**Exhibit 107** 

**Calculation of Filing Fee Tables** 

**Form S-1**

(Form Type)

**Karman Holdings Inc.** 

(Exact Name of Registrant as Specified in its Charter)

**Table 1: Newly Registered and Carry Forward Securities** 

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Security<br>Type | Security<br>Class<br>Title | Fee<br>Calculation <br>or Carry<br>Forward<br>Rule | Amount<br>Registered<sup>(1)</sup> | Proposed<br>Maximum<br>Offering<br>Price Per<br>Unit | Maximum<br>Aggregate<br>Offering<br>Price | Fee<br>Rate | Amount of<br>Registration<br>Fee<sup>(3)</sup> | Carry<br>Forward<br>Form<br>Type | Carry <br>Forward <br>File <br>Number | Carry <br>Forward <br>Initial <br>Effective <br>Date | Filing Fee<br>Previously<br>Paid in<br>Connection<br>with Unsold<br>Securities to<br>be Carried<br>Forward |
| &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities | &nbsp;&nbsp;&nbsp;Newly Registered Securities |
| &nbsp;&nbsp;&nbsp;Fees to be Paid | Equity | Common Stock, par value $0.001 per share | 457(a) | 1150000 | $49.00(2) | $56350000 | 0.00015310 | $8627.19 |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Fees Previously<br> Paid |  |  | 457(c) | 23000000 | $56.1575 | $1291622500 | 0.00015310 | $197747.41 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities |
| &nbsp;&nbsp;&nbsp;Carry<br>Forward<br>Securities |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Total Offering Amounts | Total Offering Amounts | Total Offering Amounts | Total Offering Amounts |  | $1347972500 |  | $206374.60 |  |  |  |  |
|  | Total Fees Previously Paid | Total Fees Previously Paid | Total Fees Previously Paid | Total Fees Previously Paid |  | $1291622500 |  | $197747.41 |  |  |  |  |
|  | Total Fee Offsets | Total Fee Offsets | Total Fee Offsets | Total Fee Offsets |  |  |  |  |  |  |  |  |
|  | Net Fee Due | Net Fee Due | Net Fee Due | Net Fee Due |  |  |  | $8627.19 |  |  |  |  |

---

(1) Represents only the additional number of shares being registered pursuant to this registration statement and
includes 150,000 shares of common stock that the underwriters have the option to purchase. Does not include the 23,000,000 shares that were previously registered on the Registration Statement on Form S-1 (File No. 333-288809), as
amended (the "Prior Registration Statement").

(2) Based on the public offering price.

(3) The registration fee is calculated in accordance with Rule 457(a) under the Securities Act of 1933, as
amended (the "Securities Act"), based on the maximum aggregate offering price. The registrant previously registered 23,000,000 shares of its common stock with an aggregate offering price not to exceed $1,291,622,500 on the Prior
Registration Statement, which was declared effective by the Securities and Exchange Commission on July 23, 2025. In accordance with Rule 462(b) under the Securities Act, an additional amount of securities having a maximum aggregate
offering price of $56,350,000 is hereby registered, which includes shares of common stock that the underwriters have the option to purchase.