ONOV - ONOV STOCK NEWS

Castellum, Inc. (OTC: ONOV) has secured a $950,000 revolving credit facility from Live Oak Bank. This financing will enhance Castellum's financial flexibility, enabling the company to pursue small acquisitions, support its planned up-listing, and initiate other valuable projects. CEO Mark Fuller emphasized the facility's importance for growth. Live Oak Bank's Vice President noted Castellum's strong management team and understanding of capital utilization for strategic growth.

Castellum, Inc. (OTC: ONOV) has signed a Definitive Purchase Agreement to acquire Lexington Solutions Group (LSG), a $4 million government contractor specializing in information operations. The acquisition is expected to enhance Castellum's capabilities and push its annualized revenue above $42 million. The deal is anticipated to close within six weeks, pending customary consents. Castellum's President and CEO Mark Fuller expressed enthusiasm for the integration, indicating further potential acquisitions are on the horizon.

Castellum, Inc. (OTC: ONOV) announced the appointment of Tom McMillen, former Congressman and Olympian, to its Advisory Board. McMillen brings extensive public company experience and a strong background in business and government. President and CEO Mark Fuller emphasized McMillen's diverse skills that will enhance the board's capabilities. McMillen aims to support Castellum's growth and the company's plan to up-list its common stock later this year. Castellum is focused on strategic acquisitions in cybersecurity and related technology sectors.

Castellum, Inc. (OTC: ONOV) reported approximately $9.5 million in unaudited revenue for Q4 2021, marking an annualized revenue run rate of $38 million, a record high for the company. The revenue increase is attributed to a combination of accretive acquisitions and organic growth, including contributions from the small acquisition of SSI and Merrison Technology subsidiaries. The company anticipates releasing its fully audited financial results in March 2022.

Castellum, Inc. (OTC: ONOV) has appointed retired Lieutenant General Bernard Champoux to its Advisory Board, enhancing its capabilities in cybersecurity and information technology. Mark Fuller, CEO, emphasized Champoux's extensive military and defense sector experience, viewing it as instrumental for the company's growth ambitions. Champoux's previous roles include leadership positions at Hanwha Defense and various defense contractors. Castellum continues to pursue strategic acquisitions to bolster its service offerings, including a pending deal with a government contractor generating over $4 million in revenue.

Castellum, Inc. (OTC: ONOV) announces Glen Ives has been appointed as President of Government Sales and Operations, in addition to his role as Chief Growth Officer. Since his arrival in February 2021, Ives has significantly contributed to the company's growth. Following the departure of Jim Enicks, former CEO of Corvus Consulting, Castellum has appointed Craig Nixon as Senior Advisor and Daniel Turissini as head of Technology Development and Compliance to further enhance its capabilities. Castellum targets strategic acquisitions in technology services, including recent interest in a government contractor with over $4 million in revenue.

Castellum, Inc. (OTC: ONOV) has signed a letter-of-intent to acquire an East-coast based government contractor with annual revenues exceeding $4 million. The acquisition aims to enhance Castellum's capabilities in Information Warfare/Information Operations and strengthen its workforce by adding over 25 employees. This strategic move is expected to push Castellum's revenue run-rate above $40 million. The closing of the deal is anticipated in the first quarter of 2022, pending due diligence and final agreement.

Castellum has finalized the acquisition of key assets from Albers Group at Patuxent River Naval Air Station in Maryland. This deal adds approximately $2 million in annualized revenue and enhances Castellum's presence in support of Navy and Marine Corps programs. With this acquisition, Castellum's annualized revenue run-rate exceeds $35 million, strengthening its market position. The company's leadership emphasizes the strategic importance of this location for future growth and service expansion in naval aviation.

Castellum, Inc. (OTC: ONOV) reported record financial results for Q3 2021, achieving revenue of $7.38 million. Adjusted EBITDA was approximately $100,000 despite incurring more than $300,000 in transaction costs. Cash-on-hand reached $3.65 million, with current assets and net working capital also at record levels of $8.25 million and $3.91 million, respectively. CEO Mark Fuller noted that growth continued due to successful acquisitions and anticipates further improvement in Q4 as the company benefits from completed transactions.