Castellum Secures $3.7 Million in Common Stock Offering

Castellum Raises $3.7 Million Through Public Stock Offering

Castellum, Inc. (NYSE: CTM), a prominent player in the cybersecurity and electronic warfare industries, recently made headlines with its public offering of common stock. This strategic move comes as the company looks to enhance its financial stability and continue its growth trajectory. Castellum is offering 4,355,000 shares at a price of $0.85 each, which is expected to generate approximately $3.7 million before accounting for fees and expenses.

Purpose of the Offering

The proceeds from this offering are intended for working capital and general corporate purposes, allowing Castellum to invest in its operations and potential acquisitions. The company has highlighted its commitment to expanding its capabilities in providing advanced technology solutions tailored for the federal government.

Details of the Offering

Maxim Group LLC has taken on the role of the sole placement agent for this transaction, handling the offering on a reasonable best-efforts basis. The completion of this offering is anticipated to occur shortly, pending the satisfaction of customary closing conditions, marking an important step in their strategic planning.

Understanding the Shelf Registration Statement

Castellum has utilized a shelf registration statement that was filed with the U.S. Securities and Exchange Commission (SEC). This enables the company to have a streamlined process for future offerings, allowing to raise capital more efficiently when necessary. The effective date of this registration was December 12, 2023, enabling the current offering to proceed smoothly.

Company Background and Future Outlook

Founded with a strong focus on defense technology, Castellum, Inc. (NYSE: CTM) is dedicated to cybersecurity, model-based systems engineering (MBSE), and information warfare. Please visit their website to find out more about their mission and the sectors they operate within.

Growing Through Strategic Acquisitions

The company has been on an acquisition spree, identifying key targets that align with their strategic objectives. By enhancing their portfolio, Castellum is poised to not only broaden their reach but also to improve their offerings significantly. This proactive approach is essential in a rapidly evolving technological landscape where innovation is crucial.

Engagement with Investors

For those interested in learning more about Castellum, the company actively encourages prospective investors to review the preliminary prospectus. This document outlines the details of the offering and provides comprehensive information about the company, which aids in informed decision-making.

How to Access the Final Prospectus

Once available, the final prospectus supplement can be accessed through the SEC's website. Additionally, all interested parties can request copies of the final documents directly from Maxim Group LLC, ensuring that they have all necessary information before investing.

Conclusion

Overall, Castellum's public offering signifies a critical step in its growth strategy. As the company continues to develop and expand, it remains focused on delivering advanced solutions in cybersecurity and defense technologies. By harnessing the funds raised from this offering, Castellum positions itself well for future success.

Frequently Asked Questions

What is the amount raised through Castellum's public offering?

Castellum is expected to raise approximately $3.7 million through its public offering of common stock.

Who is handling the offering for Castellum?

Maxim Group LLC is acting as the sole placement agent for the offering.

What are the intended uses of the offering proceeds?

The proceeds will primarily be utilized for working capital and general corporate purposes.

When is the offering expected to close?

The closing of the offering is anticipated to occur soon, following the satisfaction of customary closing conditions.

How can investors obtain more information about the offering?

Investors can access detailed information through the preliminary prospectus and eventually the final prospectus on the SEC's website or by contacting Maxim Group LLC.

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