Welcome to our dedicated page for Castellum news (Ticker: CTM), a resource for investors and traders seeking the latest updates and insights on Castellum stock.
Castellum Inc (CTM) provides mission-critical IT solutions and cybersecurity services to defense, healthcare, and financial sectors. This news hub offers investors and industry professionals centralized access to verified corporate developments and strategic announcements.
Track key business updates including quarterly earnings disclosures, cybersecurity innovation milestones, and acquisition activity. Our curated collection ensures timely access to press releases about software engineering advancements, federal contract awards, and data analytics initiatives shaping CTM's market position.
Discover official statements covering:
• Strategic cybersecurity partnerships
• Federal sector program updates
• Technology acquisition details
• Financial performance reports
Bookmark this page for efficient monitoring of Castellum's evolving capabilities in electronic warfare solutions, intelligence analysis tools, and enterprise IT infrastructure developments. All content is sourced directly from company communications to ensure regulatory compliance and factual accuracy.
Castellum (NYSE-American: CTM) has successfully negotiated a $2 million reduction in principal balance on notes payable to Robert Eisiminger, bringing the total outstanding principal to $4 million. The cybersecurity and electronic warfare services company has also secured an extension of the maturity date to December 15, 2027 on the remaining note.
The complete terms of the amended agreement will be disclosed in an upcoming Form 8-K filing. CFO David Bell emphasized that this debt reduction strengthens their balance sheet, while CEO Glen Ives highlighted how this strategic move supports their organic growth strategy and ability to secure major prime contracts.
Castellum (NYSE-American: CTM) announces that its subsidiary Global Technology and Management Resources (GTMR) has expanded its General Services Administration (GSA) Multiple Award Schedule (MAS) contract by adding Special Item Number (SIN) 541611. This addition enables GTMR to compete for contracts in management and financial consulting, acquisition and grants management support, and business program and project management services.
GTMR's existing GSA MAS contract already includes engineering services (SIN 541330ENG), testing laboratory services (SIN 541380), engineering system design and integration services (SIN 541420), and engineering research and development and strategic planning (SIN 541715). This expansion represents a strategic move from engineering into professional services, allowing the company to respond to additional RFQs and RFPs while leveraging joint venture agreements on the GSA MAS schedule.
Castellum (NYSE-American: CTM) announces the upcoming expiration of remaining warrants from its March 2025 $4.5 million public offering. Of the original 4,500,000 warrants issued at $1.08 per share, 1,145,000 (over 25%) have been exercised, leaving 3,355,000 unexercised warrants that will expire on May 16, 2025.
The company has already raised an additional $1.2 million through warrant exercises through March. The initial public offering in March 2025 consisted of shares priced at $1.00. Management highlights their recent $103 million contract win and strong balance sheet, emphasizing their focus on organic growth and commitment to stakeholders.
Castellum (NYSE-American: CTM) has completed its previously announced public offering, raising $4.5 million through the sale of 4,500,000 Units at $1.00 per Unit. Each unit comprises one common stock share and one warrant, with warrants exercisable at $1.08 per share within 60 days of issuance.
The offering, conducted under a shelf registration statement on Form S-3, was managed by Maxim Group as the sole placement agent. The company plans to utilize the net proceeds for working capital and general corporate purposes. The securities were offered through a prospectus, with documentation available on the SEC's website.
Castellum (NYSE-American: CTM) announces that its subsidiary Global Technology and Management Resources (GTMR) has achieved CMMI Level 3 appraisal, performed by Advanced Network Technology Solutions. This certification indicates GTMR is operating at a 'defined' level, with well-characterized and understood processes described in standards, procedures, tools, and methods.
The Capability Maturity Model Integration (CMMI) is a globally accepted standard for improving capability and optimizing business performance. This Level 3 appraisal is significant as it is a requirement for some government proposals, potentially enhancing Castellum's competitiveness in future opportunities.
According to Drew Merriman, Chief Operating Officer of Castellum and appraisal sponsor, this achievement will boost their technical evaluation score on new opportunities requiring this certification.
Castellum (NYSE-American: CTM), a cybersecurity and electronic warfare services company, has announced the pricing of its public offering of 4,500,000 Units at $1.00 per Unit. Each unit includes one common stock share and one warrant, with warrants exercisable at $1.08 per share and expiring in 60 days.
The offering is expected to generate gross proceeds of approximately $4.5 million before deducting placement agent fees and expenses. The company plans to use the net proceeds for working capital and general corporate purposes. Maxim Group serves as the sole placement agent, with the offering expected to close around March 18, 2025.
The offering is conducted under a previously filed shelf registration statement that became effective on January 24, 2025. A final prospectus supplement and accompanying prospectus will be filed with the SEC.
Castellum (NYSE-American: CTM), a cybersecurity, electronic warfare, and software services company focused on the federal government, has announced plans for a public offering of common stock and warrants. The offering will include shares of common stock and warrants exercisable into company shares, with all shares being offered by Castellum.
The company plans to use the net proceeds for working capital and general corporate purposes. Maxim Group is serving as the sole placement agent on a reasonable best-efforts basis. The offering is subject to market conditions, with no guarantees regarding completion, size, or terms.
The offering is being made pursuant to a previously filed and effective shelf registration statement on Form S-3 (File No. 333-284205) dated January 24, 2025. A preliminary prospectus supplement and accompanying prospectus will be available on the SEC's website.
Castellum (NYSE-American: CTM), a cybersecurity, electronic warfare, and software engineering services company, has appointed Tanya Bassett as Vice President of Business Development and Capture Management. With over 28 years of industry experience, Bassett brings expertise in winning new contracts and supporting Department of Defense (DoD) programs.
She will collaborate with CTM's Vice President of Business Development and Proposal Operations, Brooke Citrano, focusing on capturing new opportunities and contracts. Bassett's appointment reinforces Castellum's strategic commitment to organic growth, bringing her proven track record of driving growth and delivering sustainable results in the federal government sector.
Castellum (NYSE-American: CTM) has secured its largest contract to date through its GTMR subsidiary - a $103.3 million, five-and-a-half-year contract for Special Missions Management of On-Site Services supporting NAVAIR Program Office 290.
The contract, starting next month, encompasses multiple Intelligence, Surveillance, Reconnaissance, and Targeting (ISR&T) programs, including Maritime Patrol and Reconnaissance Force Family of Systems, P-8A Research and Development, and MQ-4C Triton Multiple Intelligence.
GTMR will provide comprehensive acquisition lifecycle support, including material solution analysis, technology development, engineering, manufacturing, production deployment, and operations support. The scope includes engineering analysis and recommendations for technical, logistics, training, and acquisition life-cycle support for ISR&T platforms and infrastructure.
Castellum (NYSE-American: CTM), a cybersecurity and electronic warfare services provider, has released its unaudited financial results for 2024. The company reported revenue of $44.8 million, slightly down from $45.2 million in 2023. Operating loss improved to ($7.2 million) from ($16.7 million) in 2023, which included $6.9 million in goodwill impairment charges.
Key financial metrics include:
- Adjusted EBITDA: $0.8 million (vs $0.2 million in 2023)
- Operating cash flow: $1.1 million (vs -$2.3 million in 2023)
- Year-end cash position: $12.3 million (vs $1.8 million in 2023)
- Total debt: $10.7 million (vs $12.4 million in 2023)
CEO Glen Ives, who assumed the role in July 2024, expects 2025 to be a year of growth, citing new contract wins and improved execution on existing contracts.
