Castellum Inc. Unveils Strategic Public Offering of Securities

Castellum's Public Offering Announcement
Castellum, Inc. (NYSE-American: CTM), a company at the forefront of cybersecurity and electronic warfare, has announced an exciting new chapter in its growth strategy. They are proposing a public offering that involves shares of their common stock alongside warrants that can be converted into additional shares. This innovative move aims to bolster the company’s resources and enable it to further its mission in providing unparalleled services to the federal government.
Utilization of Proceeds
With the funds raised from this offering, Castellum plans to enhance its operational capabilities significantly. The intended use of the proceeds will primarily focus on working capital and general corporate functions. This strategic allocation is poised to facilitate the company’s efforts in expanding its market share within the defense technology sector.
Role of Maxim Group LLC
Maxim Group LLC has been appointed as the sole placement agent, undertaking the responsibility of facilitating this endeavor on a reasonable best-efforts basis. Their expertise in the financial market will be instrumental in ensuring a successful execution of this offering.
Registration and Regulatory Compliance
Castellum has filed a shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission (the “SEC”). This registration became effective earlier this year. The securities are being offered exclusively through a prospectus, ensuring that all legal requirements are met while providing potential investors with comprehensive information about the public offering.
Understanding the Process
The process involves a preliminary prospectus supplement and an accompanying prospectus that outline detailed terms regarding the offering. These documents will be accessible through the SEC's platform to maintain transparency for investors.
Limits of the Offering
It is noteworthy that this announcement does not constitute a solicitation or an offer for sale in states or jurisdictions where it would be illegal prior to registering or qualifying under respective securities laws. This careful consideration showcases Castellum’s commitment to ethical practices in their capital raising efforts.
About Castellum, Inc.
As a pioneer in defense technology, Castellum, Inc. (NYSE-American: CTM) dedicates itself to strategic acquisitions focusing on cybersecurity and information warfare sectors. The company's innovative approach to tackling challenges in national security positions it as a critical player in this rapidly changing landscape.
Contact Information
For additional inquiries or further information about Castellum, interested parties can contact:
Glen Ives
President and Chief Executive Officer
Phone: (703) 752-6157
Email: Info@castellumus.com
Frequently Asked Questions
What type of securities is Castellum offering?
Castellum is offering shares of common stock and warrants that can be converted into additional shares of their common stock.
Who is managing the public offering?
Maxim Group LLC is the sole placement agent managing the public offering for Castellum.
What will the proceeds from the offering be used for?
The proceeds are intended for working capital and other general corporate purposes to enhance operational capabilities.
How can investors access the details of the offering?
The details can be accessed through a prospectus filed with the SEC, which will be available on their website.
What is Castellum's market focus?
Castellum focuses on cybersecurity and electronic warfare solutions tailored for federal government needs.
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