Castellum (CTM) Prices 4.36M Share Offering at $0.85/sh

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Go back to Castellum (CTM) Prices 4.36M Share Offering at $0.85/sh

Castellum Announces Pricing of $3.7 Million Public Offering of Common Stock

December 27, 2024 9:00 AM EST

VIENNA, Va., Dec. 27, 2024 (GLOBE NEWSWIRE) -- Castellum, Inc. (the Company and Castellum) (NYSE-American: CTM), a cybersecurity, electronic warfare, and software services company focused on the federal government, today announced the pricing of its previously announced public offering of 4,355,000 shares of its common stock at a public offering price of $0.85 per share. Gross proceeds from the offering are expected to be approximately $3.7 million before deducting placement agent fees and estimated offering expenses. Castellum intends to use the net proceeds of the offering for working capital and general corporate purposes.

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