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Castellum (NYSE-American: CTM), a cybersecurity and federal government services company, has announced the pricing of its public offering of 4,355,000 shares of common stock at $0.85 per share. The offering is expected to generate gross proceeds of approximately $3.7 million before deducting fees and expenses. The company plans to use the net proceeds for working capital and general corporate purposes.

Maxim Group is serving as the sole placement agent for the offering, which is expected to close around December 30, 2024. The offering is being conducted under a shelf registration statement that became effective on December 12, 2023.

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. The company will offer all shares and intends to use the net proceeds for working capital and general corporate purposes. Maxim Group is acting as the sole placement agent on a reasonable best-efforts basis.

The offering is subject to market conditions, with no guarantee of completion or final terms. The offering is being made pursuant to a shelf registration statement on Form S-3 that became effective on December 12, 2023. A preliminary prospectus supplement and accompanying prospectus will be available on the SEC's website.

Castellum (NYSE-American: CTM) has announced a registered direct offering of 9,473,700 shares of common stock at $0.38 per share, expecting to raise approximately $3.6 million in gross proceeds before deducting placement agent fees and other offering expenses. The offering, managed by Maxim Group as the sole placement agent, is expected to close around December 24, 2024. The shares are being offered through a shelf registration statement on Form S-3 that was declared effective by the SEC on December 12, 2023.

Castellum (NYSE-American: CTM) announces a significant contract win through its subsidiary Specialty Systems, Inc., in collaboration with Corvus Consulting and Global Technology and Management Resources. The company secured all four unrestricted domains in the OASIS+ (One Acquisition Solution for Integrated Services Plus) contract, complementing three previously awarded small business domains.

The awarded domains include intelligence services, technical and engineering, research and development, and management & advisory. This government-wide contract has a ten-year performance period with no ceiling value, representing a major strategic opportunity for Castellum to expand its federal customer support.

Castellum (NYSE-American: CTM) reported sequential revenue growth in Q3 2024, reaching $11.6 million, up from $11.5 million in Q2 and $11.3 million in Q1. Gross profit increased to $5.0 million, compared to $4.7 million in Q2 and $4.5 million in Q1. The company's CEO highlighted that while current growth is modest due to existing contract performance, their strategy focuses on securing new contracts in 2025 to drive significant improvements in quarterly and long-term performance. Full financial results will be filed by November 14, 2024.

Castellum, Inc. (NYSE-American: CTM), a cybersecurity, electronic warfare, and software engineering services company, has announced a $4.1 million contract win in collaboration with its prot茅g茅, Epic Systems, Inc. The contract, awarded by the National Science Foundation (NSF), is for supporting NSF's Administrative Services Help Desk. Castellum's subsidiary, Corvus Consulting, , will have a 49% work share on the contract.

Glen Ives, President and CEO of Castellum, emphasized the importance of this milestone win and the company's commitment to the Small Business Administration's 'Mentor-Prot茅g茅' program. This program is part of Castellum's growth strategy, allowing them to support disadvantaged businesses and generate revenue from opportunities not otherwise available to the company.

Castellum, Inc. (NYSE-American: CTM), a cybersecurity, electronic warfare, and software services company, has promoted Andrew ("Drew") Merriman to Chief Operating Officer (COO), effective September 1, 2024. This move fills the vacancy created by Glen Ives' promotion to CEO on July 1, 2024. Merriman, who co-founded Merrison Technologies, (MTech) in 2013, brings extensive experience in technical leadership and customer relationship management. Under his leadership, MTech achieved 176% revenue growth over three years, joining the Inc. 5000 fastest-growing companies list in 2018. Castellum acquired MTech in August 2021. Merriman's appointment aligns with Castellum's focus on operational excellence and organic growth in serving federal government clients.

Castellum, Inc. (NYSE-American: CTM), a cybersecurity and software services company, reported improved financial results for Q2 2024. Revenue increased to $11.5 million, up from $11.3 million in Q1 2024. Gross profit rose to $4.7 million from $4.5 million in Q1. The company's operating loss narrowed to $(1.6) million from $(2.7) million in Q1. Notably, Adjusted EBITDA turned positive at $0.3 million, compared to $(0.1) million in Q1 2024 and $0.1 million in Q2 2023. This improvement excludes non-cash charges such as $1.3 million in stock-option and warrants expense and $0.6 million in depreciation and amortization. Castellum's CEO, Glen Ives, highlighted the company's progress, citing sequentially higher revenue, a smaller loss, and positive cash flow from operations.

Castellum, Inc. (NYSE-American: CTM), a cybersecurity, electronic warfare, and software engineering services company, has announced a strategic alliance with Krilla Kaleiwahea, (K2). This partnership combines Castellum's extensive experience in serving the U.S. Government with K2's leadership team and status as a Native Hawaiian government contractor.

The alliance enables the companies to pursue set-aside Department of Defense (DOD) contracts worth up to $100 million. Castellum's CEO, Glen Ives, expressed enthusiasm about the partnership, highlighting the potential to jointly target a wide range of government contracts across DOD and civilian federal agencies. K2's Co-Founder, Peter Krilla, emphasized Castellum's excellent past performance as a key factor in enhancing their bidding capabilities for substantial new opportunities.