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Castellum (NYSE: CTM) has successfully completed its public offering of 1,500,000 shares at $2.00 per share, with 1,350,000 shares sold by the company and 150,000 by selling stockholders. The offering also includes an option for underwriters to purchase an additional 225,000 shares within 45 days. The registration for this offering was declared effective by the SEC on October 12, 2022, and shares began trading on October 13, 2022. EF Hutton acted as the sole book-running manager for the offering.
Castellum, a cybersecurity and IT services company, has priced its public offering at $2.00 per share, with 1.5 million shares available. Underwriters have a 45-day option to purchase an additional 225,000 shares. The shares are set to begin trading on the NYSE American Exchange on October 13, 2022, following a reverse stock split at a 1-for-20 ratio. This offering aims to bolster financial resources as Castellum transitions from OTC Pink to NYSE. The SEC has declared the registration statement effective as of October 12, 2022.
Castellum, Inc. (OTC: ONOV) announced its uplisting to the NYSE American Exchange, effective on or about October 7, 2022. This transition includes an underwritten public offering and a one-for-twenty reverse stock split of its common stock. Following this, the stock will trade under the new ticker symbol CTM. The approval is contingent on meeting specific requirements, including price criteria at the time of listing. The new CUSIP for the common stock after the split is 14838T204.
Castellum, Inc. (OTC: ONOV) celebrates John F. Campbell, a member of its Advisory Board, for receiving the 2022 Doughboy Award from the National Infantry Association. This award recognizes his extraordinary military service, joining the ranks of 69 prestigious winners. CEO Mark Fuller praised Campbell’s contributions and expressed anticipation for his role in Castellum's growth. Castellum focuses on technology solutions and is committed to strategic acquisitions in various sectors, including Cyber Security and Systems Engineering.
Castellum, Inc. (OTC: ONOV) reported record revenue for Q2 2022, reaching approximately $11 million. The company credits this milestone to its recent acquisition of Lexington Solutions Group, which has enhanced its revenue base and provided a platform for future growth. Full financial results for the quarter are scheduled for release on or about August 15, 2022, and management anticipates a busy quarter ahead.
Castellum, Inc. (OTC: ONOV) announced the appointment of former Virginia Congressman Jim Moran to its advisory board. His extensive background in technology and defense, along with a strong network in government, is expected to aid Castellum in expanding its operations in the cybersecurity sector. Moran, who served 24 years in Congress and was an advocate for technology initiatives, expressed enthusiasm for contributing to Castellum's continued growth and its role in national security.
Castellum, Inc. (OTC: ONOV) reported record financial results for Q1 2022, achieving revenue of $9.99 million and adjusted EBITDA over $500,000. Current assets stand strong at $8.29 million. CEO Mark Fuller highlighted the continued scaling of Castellum and anticipates strong performance following the recent acquisition of Lexington Solutions Group, projecting an annual revenue run-rate exceeding $43 million. The company is preparing for a planned uplisting this summer, emphasizing its robust position and outlook for future growth.
Castellum, Inc. (OTC: ONOV) has appointed David T. Bell, CPA, as Chief Financial Officer, reporting to CEO Mark Fuller. Bell brings 28 years of public accounting experience, including 14 years as an audit partner at Deloitte, specializing in defense and technology sectors. Fuller remarked on Bell's expertise in accounting and governance, highlighting that his leadership will aid in Castellum's plans to up-list on a stock exchange. Bell noted the company's historical growth and mission-driven focus as key reasons for joining the team, aiming to further enhance Castellum's operations.
Castellum, Inc. (OTC: ONOV) has engaged SEC counsel and an investment bank to support its upcoming up-listing to a major stock exchange. President and CEO Mark Fuller expressed enthusiasm for this critical next step, highlighting the expertise of the new advisors. The company is currently evaluating the NYSE-American and Nasdaq Capital Markets as potential venues for the up-listing, aiming for completion by mid-summer. Castellum focuses on strategic acquisitions in defense technology, cyber security, and engineering services, enhancing its market presence.
Castellum, Inc. (OTC: ONOV) has successfully completed its acquisition of Lexington Solutions Group, a government contractor valued at $4 million, enhancing its presence in information operations. The acquisition elevates Castellum's annualized revenue to over $43 million. CEO Mark Fuller expressed optimism about future acquisitions and progress on up-listing plans. This move aligns with Castellum's strategy to expand in cybersecurity and information warfare sectors.
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