Castellum Announces Closing of $4.5 Million Public Offering of Common Stock and Warrants
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) ha completato l'offerta pubblica precedentemente annunciata, raccogliendo 4,5 milioni di dollari attraverso la vendita di 4.500.000 unità a 1,00 dollaro per unità. Ogni unità comprende una azione ordinaria e un warrant, con warrants esercitabili a 1,08 dollari per azione entro 60 giorni dall'emissione.
L'offerta, condotta sotto una dichiarazione di registrazione shelf sul modulo S-3, è stata gestita da Maxim Group in qualità di unico agente di collocamento. L'azienda prevede di utilizzare i proventi netti per il capitale circolante e scopi aziendali generali. I titoli sono stati offerti attraverso un prospetto, con documentazione disponibile sul sito web della SEC.
Castellum (NYSE-American: CTM) ha completado su oferta pública previamente anunciada, recaudando 4.5 millones de dólares a través de la venta de 4,500,000 Unidades a 1.00 dólar por Unidad. Cada unidad comprende una acción ordinaria y un warrant, con warrants ejercitables a 1.08 dólares por acción dentro de los 60 días posteriores a la emisión.
La oferta, realizada bajo una declaración de registro en estante en el formulario S-3, fue gestionada por Maxim Group como el único agente de colocación. La compañía planea utilizar los ingresos netos para capital de trabajo y fines corporativos generales. Los valores se ofrecieron a través de un prospecto, con documentación disponible en el sitio web de la SEC.
Castellum (NYSE-American: CTM)은 이전에 발표된 공모를 완료하여 450만 달러를 모금했습니다. 이는 1.00 달러당 4,500,000 유닛을 판매한 결과입니다. 각 유닛은 하나의 보통주와 하나의 워런트로 구성되며, 워런트는 발행 후 60일 이내에 주당 1.08 달러에 행사할 수 있습니다.
이번 공모는 S-3 양식의 선반 등록 명세서에 따라 진행되었으며, Maxim Group이 유일한 배치 에이전트로 관리했습니다. 회사는 순수익을 운영 자본 및 일반 기업 용도로 사용할 계획입니다. 증권은 투자설명서를 통해 제공되며, SEC 웹사이트에서 문서가 제공됩니다.
Castellum (NYSE-American: CTM) a complété son offre publique précédemment annoncée, levant 4,5 millions de dollars grâce à la vente de 4 500 000 unités à 1,00 dollar par unité. Chaque unité comprend une action ordinaire et un warrant, les warrants pouvant être exercés à 1,08 dollar par action dans les 60 jours suivant l'émission.
L'offre, réalisée dans le cadre d'une déclaration d'enregistrement en étagère sur le formulaire S-3, a été gérée par Maxim Group en tant qu'agent de placement unique. L'entreprise prévoit d'utiliser les produits nets pour le fonds de roulement et des fins corporatives générales. Les titres ont été offerts par le biais d'un prospectus, avec une documentation disponible sur le site Web de la SEC.
Castellum (NYSE-American: CTM) hat das zuvor angekündigte öffentliche Angebot abgeschlossen und 4,5 Millionen Dollar durch den Verkauf von 4.500.000 Einheiten zu 1,00 Dollar pro Einheit gesammelt. Jede Einheit besteht aus einer Stammaktie und einem Warrant, wobei Warrants innerhalb von 60 Tagen nach der Emission zu 1,08 Dollar pro Aktie ausgeübt werden können.
Das Angebot, das unter einer Shelf-Registrierungserklärung auf dem Formular S-3 durchgeführt wurde, wurde von Maxim Group als einzigem Platzierungsagenten verwaltet. Das Unternehmen plant, die Nettoerlöse für Betriebskapital und allgemeine Unternehmenszwecke zu verwenden. Die Wertpapiere wurden durch einen Prospekt angeboten, dessen Dokumentation auf der Website der SEC verfügbar ist.
- Successful completion of $4.5M capital raise
- Warrants provide potential additional capital if exercised at $1.08 per share
- Potential dilution from 4.5M new shares issued
- Additional dilution possible if warrants are exercised
- Short 60-day warrant exercise window suggests urgent capital needs
Insights
Castellum's
The offering pricing at
Given Castellum's market capitalization of approximately
The transaction structure is also noteworthy - Maxim Group served as placement agent on a "reasonable best-efforts" basis rather than through a firm commitment underwriting. This distinction indicates the offering was conducted without the underwriter purchasing the securities outright.
While the capital infusion strengthens Castellum's immediate financial position, the dilutive nature of the offering at a discounted price creates a modestly negative impact for existing shareholders in the near term. The value this additional capital will generate for the company depends entirely on management's allocation decisions, which remain unspecified in the announcement.
VIENNA, Va., March 19, 2025 (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 closing of its previously announced public offering of 4,500,000 Units at a public offering price of
Gross proceeds from the offering were approximately
Maxim Group LLC acted as the sole placement agent, on a reasonable best-efforts basis for the offering.
A shelf registration statement on Form S-3 (File No. 333-284205) relating to the securities being offered was previously filed with the U.S. Securities and Exchange Commission (the “SEC”) and became effective on January 24, 2025. The shares of common stock and shares underlying the warrants were offered only by means of a prospectus. A preliminary prospectus supplement and the accompanying prospectus relating to and describing the terms of the public offering have been filed with the SEC. A final prospectus supplement and an accompanying prospectus relating to the offering has been filed with the SEC and is available on the SEC’s website at www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus relating to the public offering may be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Prospectus Department, or by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Castellum, Inc.
Castellum, Inc. (NYSE-American: CTM) is a defense-oriented technology company that is executing strategic acquisitions in the cybersecurity, MBSE, and information warfare areas - http://castellumus.com/.
Forward-Looking Statements:
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Words such as “will,” “would,” “believe,” and “expects,” and similar language or phrasing are indicative of forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of the Company’s control, that could cause actual results to differ (sometimes materially) from the results expressed or implied in the forward-looking statements, including, among others: the Company’s ability to close the described equity financing; its ability to effectively integrate and grow its acquired companies; its ability to identify additional acquisition targets and close additional acquisitions; the impact on the Company’s revenue due to a delay in the U.S. Congress approving a federal budget; and the Company’s ability to maintain the listing of its common stock on the NYSE American LLC. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in Item 1A. “Risk Factors” section of the Company’s recently filed Form 10-Q, Item 1A. "Risk Factors” in the Company’s most recent Form 10-K, and other filings with the Securities and Exchange Commission which can be viewed at www.sec.gov. These risks and uncertainties, or not closing the described potential equity financing in this press release, could cause the Company's actual results to differ materially from those indicated in the forward-looking statements. Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise.
Contact:
Glen Ives
President and Chief Executive Officer
Phone: (703) 752-6157
Info@castellumus.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a0792b57-251a-4b24-8adf-09fcf21736c1
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