Castellum, Inc. Secures $3.6 Million in Recent Offering

Castellum, Inc. Secures Funding Through Registered Direct Offering

Castellum, Inc. (NYSE-American: CTM), a company dedicated to cybersecurity and defense technology, has recently announced an important financial move that is expected to bolster its operations. The firm has entered into a securities purchase agreement with institutional investors to sell approximately 9,473,700 shares of its common stock at an offering price of $0.38 per share, totaling about $3.6 million in gross proceeds. This decision illustrates Castellum's ongoing commitment to enhancing its financial position and expanding its capabilities in critical sectors.

Details of the Offering

The offering is projected to close soon, with estimated proceeds available for deployment in various strategies aimed at growth. The funds will primarily support Castellum's ongoing investments in cybersecurity, electronic warfare, and software services targeted toward the federal government. Investors and industry watchers are closely observing this offering, as it signifies Castellum’s proactive approach to securing capital for future endeavors.

Placement Agent's Role

In this offering, Maxim Group LLC acts as the sole placement agent. Their expertise in financial services will help facilitate a smooth transaction, ensuring both the company and the investors benefit from this strategic partnership. The involvement of reputable financial institutions in the process often inspires confidence among shareholders, hinting at a positive outlook for Castellum's stock performance.

Legal Compliance and Registration

The shares are sold under a shelf registration statement, indicating that the sale is compliant with regulatory requirements set forth by the U.S. Securities and Exchange Commission (SEC). This streamlined method of raising capital is advantageous for the company, simplifying the process while adhering to necessary legal frameworks. Future prospects of raising further capital through similar offerings remain an option for the management team.

Growing Demand for Cybersecurity

As cybersecurity threats continue to escalate globally, Castellum is well-positioned to capture increased demand for robust security solutions. The company’s focus on providing innovative services aligns with the federal government’s needs for enhanced cybersecurity measures. Castellum's ongoing investments and acquisitions are strategically aimed at fulfilling this growing market demand, strengthening their position as a leader in the defense technology arena.

Strategic Acquisitions and Expansion

Castellum is committed to executing strategic acquisitions that enhance its technological prowess and market reach. By integrating other companies into its portfolio, Castellum aims to broaden its service offerings and tap into new customer segments. This strategic vision is fueled by the capital raised through offerings like the recent one, allowing for continued growth and innovation.

Contact and Company Information

For inquiries, Castellum encourages stakeholders to reach out to Glen Ives, the President and CEO, who can be reached at (703) 752-6157 or via email at Info@castellumus.com. As a defense-oriented technology company, Castellum remains dedicated to providing cutting-edge solutions that address the evolving needs of its clients in the cybersecurity landscape.

Frequently Asked Questions

What is Castellum, Inc. primarily focused on?

Castellum focuses on cybersecurity, electronic warfare, and software services, mainly catering to federal government needs.

How much did Castellum raise in their recent offering?

Castellum raised approximately $3.6 million from the sale of 9,473,700 shares in the recent offering.

Who acted as the placement agent for this offering?

Maxim Group LLC acted as the sole placement agent in connection with the offering.

What will the proceeds from the offering be used for?

The proceeds will support Castellum's investments in cybersecurity and technology enhancements.

How can I contact Castellum for more information?

Interested parties can contact Glen Ives at (703) 752-6157 or email Info@castellumus.com for further information.

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