Castellum Unveils New Public Offering of Stock and Warrants
Castellum, Inc. (NYSE-American: CTM), a prominent player in the cybersecurity sector, has recently disclosed the details of its latest public offering. This offering involves the pricing of 4,500,000 Units at a value of $1.00 per Unit. Each of these units comprises one share of common stock along with a warrant granting the holder the right to purchase an additional share of common stock. Notably, the warrants are termed immediately exercisable at $1.08 per share, with a 60-day expiration period following the date of issuance.
Details of the Offering
The anticipated gross proceeds from this offering are expected to reach approximately $4.5 million before accounting for any associated fees and estimated expenses related to the offering. Castellum plans to channel these net proceeds into vital areas including working capital and general corporate endeavors, thereby reinforcing its operational capabilities.
Placement Agent's Role
Maxim Group LLC has been appointed as the sole placement agent for this public offering, engaging on a reasonable best-efforts basis. Their expertise will facilitate the process, aiming for a successful close on or around a stipulated date, contingent upon the achievement of customary closing conditions.
Registration and Compliance
In alignment with regulatory requirements, a shelf registration statement concerning the securities has been duly filed with the U.S. Securities and Exchange Commission (SEC). It became effective on a prior date, ensuring compliance with all relevant securities laws. The sale of shares and the warrants will solely be conducted leveraging a prospectus, of which a preliminary supplement has already been filed with the SEC.
Prospective Investors Information
Individuals interested in receiving more detailed information about this offering can access the necessary documents on the SEC’s official website. Furthermore, potential investors can contact Maxim Group LLC directly to acquire copies of the final prospectus supplement, ensuring they have all required materials for informed decision-making.
Castellum's Operational Highlights
Castellum, Inc. is not just looking at immediate financing. The company is actively engaged in expanding its influence within the defense technology space. This includes strategic acquisitions in fields related to cybersecurity, model-based systems engineering (MBSE), and information warfare. Such movements are pivotal in keeping pace with the evolving demands of the federal market. The company’s vision encompasses making a substantial impact on national security through innovative and technologically advanced solutions.
Future Endeavors
As Castellum continues its journey, it remains focused on refining its service offerings, fortifying its market position, and pursuing strategic growth opportunities that align with its business objectives. The capital raised from this offering will play a crucial role in supporting these initiatives, laying out a promising path ahead.
Frequently Asked Questions
1. What is the purpose of Castellum's public offering?
The primary purpose of this offering is to secure funds for working capital and general corporate purposes.
2. Who is managing Castellum's public offering?
Maxim Group LLC is acting as the sole placement agent for the public offering.
3. What does each unit in the offering consist of?
Each unit consists of one share of common stock and one warrant to purchase an additional share of common stock.
4. When are the warrants exercisable?
The warrants are immediately exercisable at $1.08 per share and will expire 60 days from the issuance date.
5. How does this offering benefit Castellum, Inc.?
This offering will enhance Castellum’s financial stability, enabling the company to invest in strategic growth and expand its services in cybersecurity.
