Karman enters S&P SmallCap 600 as BrightSpring moves up (KRMN)

Karman Holdings (KRMN) will join the S&P SmallCap 600 effective July 17. The company replaces BrightSpring Services (BTSG), which is being promoted to the S&P MidCap 400. The index change takes effect at the opening of trading on July 17. Karman, a provider of aerospace and defense systems, went public on the New York Stock Exchange in February 2025. The addition to the small-cap index brings index-linked buying from funds that track the benchmark. BrightSpring, a home health care services company, will move to the mid-cap index after its market capitalization exceeded the threshold for the SmallCap 600.