Castellum, Inc. Announces Proposed Public Offering of Common Stock
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), un'azienda che opera nel settore della cybersecurity, della guerra elettronica e dei servizi software focalizzata sul governo federale, ha annunciato piani per un offerta pubblica di azioni ordinarie. L'azienda offrir脿 tutte le azioni e intende utilizzare il ricavato netto per il capitale circolante e scopi aziendali generali. Maxim Group sta agendo come unico agente di collocamento su base di ragionevoli migliori sforzi.
L'offerta 猫 soggetta alle condizioni di mercato, senza alcuna garanzia di completamento o termini finali. L'offerta viene effettuata ai sensi di una dichiarazione di registrazione di shelf sul modulo S-3, che 猫 diventata efficace il 12 dicembre 2023. Un supplemento prospettico preliminare e un prospetto accompagnatorio saranno disponibili sul sito web della SEC.
Castellum (NYSE-American: CTM), una empresa de ciberseguridad, guerra electr贸nica y servicios de software enfocada en el gobierno federal, ha anunciado planes para una oferta p煤blica de acciones ordinarias. La empresa ofrecer谩 todas las acciones e intende utilizar los ingresos netos para capital de trabajo y fines corporativos generales. Maxim Group act煤a como el 煤nico agente de colocaci贸n en base a esfuerzos razonables.
La oferta est谩 sujeta a las condiciones del mercado, sin garant铆a de finalizaci贸n o t茅rminos definitivos. La oferta se realiza de acuerdo con una declaraci贸n de registro en estante en el Formulario S-3, que se volvi贸 efectiva el 12 de diciembre de 2023. Un suplemento de prospecto preliminar y el prospecto correspondiente estar谩n disponibles en el sitio web de la SEC.
Castellum (NYSE-American: CTM)電 鞐半癌 鞝曤秬鞐 齑堨爯鞚 毵烄稑 靷澊氩 氤挫晥, 鞝勳瀽 鞝勳焷 氚 靻岉攧韸胳洦鞏 靹滊箘鞀 須岇偓搿, 氤错喌欤 瓿惦 瓿勴殟鞚 氚滍憸頄堨姷雼堧嫟. 鞚 須岇偓電 氇摖 欤检嫕鞚 鞝滉车頃橂┌, 靾 靾橃澋鞚 鞖挫榿 鞛愲掣 氚 鞚茧皹 旮办梾 鞖╇弰搿 靷毄頃 瓿勴殟鞛呺媹雼. Maxim Group電 頃╇Μ鞝侅澑 斓滌劆鞚 雲鸽牓 旮半皹鞙茧 鞙犾澕頃 氚瓣笁 雽頄夓瀽搿 頇滊彊頃橁碃 鞛堨姷雼堧嫟.
鞚 鞝滌晥鞚 鞁滌灔 靸來櫓鞐 霐半澕 雼るゴ氅, 鞕勲 霕愲姅 斓滌 臁瓣贝鞐 雽頃 氤挫灔鞚 鞐嗢姷雼堧嫟. 鞚 鞝滌晥鞚 2023雲 12鞗 12鞚检棎 氚滍毃霅 S-3 鞏戩嫕鞚 靹犽皹 霌彪 氇呾劯靹滌棎 霐半澕 鞚措(鞏挫瓿 鞛堨姷雼堧嫟. 齑堨晥 鞎堧偞靹 氤挫订 氚 甏霠 鞎堧偞靹滊姅 SEC 鞗轨偓鞚错姼鞐愳劀 頇曥澑頃 靾 鞛堨姷雼堧嫟.
Castellum (NYSE-American: CTM), une entreprise sp茅cialis茅e dans la cybers茅curit茅, la guerre 茅lectronique et les services logiciels ax茅e sur le gouvernement f茅d茅ral, a annonc茅 des projets pour une offre publique d'actions ordinaires. L'entreprise proposera toutes les actions et a l'intention d'utiliser le produit net pour le fonds de roulement et des fins d'entreprise g茅n茅rales. Maxim Group agit en tant qu'agent de placement unique sur une base de meilleurs efforts raisonnables.
L'offre est soumise aux conditions du march茅, sans garantie de finalisation ou de conditions finales. L'offre est effectu茅e conform茅ment 脿 une d茅claration d'enregistrement de type shelf au Formulaire S-3, qui est entr茅e en vigueur le 12 d茅cembre 2023. Un suppl茅ment de prospectus pr茅liminaire et le prospectus associ茅 seront disponibles sur le site Web de la SEC.
Castellum (NYSE-American: CTM), ein Unternehmen f眉r Cybersicherheit, elektronische Kriegsf眉hrung und Softwaredienste, das sich auf die Bundesregierung konzentriert, hat Pl盲ne f眉r ein 枚ffentliches Angebot von Stammaktien bekannt gegeben. Das Unternehmen wird alle Aktien anbieten und beabsichtigt, die Nettoerl枚se f眉r das Betriebskapital sowie allgemeine Unternehmenszwecke zu verwenden. Maxim Group tritt als alleiniger Platzierungsagent auf, basierend auf angemessenen besten Bem眉hungen.
Das Angebot unterliegt den Marktbedingungen, ohne Garantie f眉r den Abschluss oder endg眉ltige Bedingungen. Das Angebot erfolgt gem盲脽 einer shelf registration statement auf dem Formular S-3, die am 12. Dezember 2023 wirksam wurde. Ein vorl盲ufiger Prospektzusatz und der dazugeh枚rige Prospekt werden auf der Website der SEC verf眉gbar sein.
- Potential strengthening of working capital position
- Successful shelf registration statement already effective with SEC
- Potential dilution of existing shareholders' equity
- Uncertainty regarding offering completion and final terms
- No specific use of proceeds detailed beyond general corporate purposes
Insights
The timing of this offering, following shortly after their S-3 shelf registration became effective on December 12, demonstrates urgency in accessing capital markets. For a small-cap government contractor, this could indicate either growth opportunities requiring immediate funding or potential financial constraints. The choice of Maxim Group as sole placement agent, known for working with smaller-cap companies, aligns with CTM's market position but may impact pricing and distribution reach.
Critical legal safeguards are evident in the disclaimer language regarding the offering's conditionality and the explicit statements about jurisdictional restrictions. The emphasis on prospectus availability through multiple channels (SEC website, placement agent) demonstrates compliance with Securities Act requirements for adequate disclosure. The "reasonable best-efforts" placement structure shifts certain legal obligations compared to a firm commitment underwriting, potentially affecting both the company's and investors' positions in the transaction.
VIENNA, Va., Dec. 26, 2024 (GLOBE NEWSWIRE) -- Castellum, Inc. (NYSE-American: CTM) (the 鈥淐ompany鈥 or 鈥淐astellum鈥), a cybersecurity, electronic warfare, and software services company focused on the federal government, announces that it intends to offer and sell shares of its common stock in a public offering. Castellum is offering all of the shares of common stock. The Company initially intends to use the net proceeds of the offering for working capital and general corporate purposes. Consummation of the offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or the actual size or terms of the offering.
聽is acting as the sole placement agent for the offering on a reasonable best-efforts basis.
A shelf registration statement on relating to the securities being offered was previously filed with the U.S. Securities and Exchange Commission (the 鈥淪EC鈥). It became effective on December 12, 2023. The shares may be 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 are being filed with the SEC and will be available on the SEC鈥檚 website at . When available, copies of the preliminary prospectus supplement and accompanying prospectus relating to the public offering may also be obtained by , at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Prospectus Department, or by telephone at (212) 895-3745 or by email at . Before you invest, you should read the preliminary prospectus supplement and accompanying prospectus, together with the information incorporated by reference therein, for more complete information about the Company and the proposed offering.
The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC.
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.
础产辞耻迟听:
聽(NYSE-American: CTM) is a defense-oriented technology company that is executing strategic acquisitions in the cybersecurity, MBSE (Model-Based Systems Engineering), and information warfare areas -聽.
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 rely on these forward-looking statements, which are only predictions and speak only as of the date hereof. Words such as 鈥渨ill,鈥 鈥渨ould,鈥 鈥渂elieve,鈥 and 鈥渆xpects,鈥 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鈥檚 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鈥檚 ability to close the described debt 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鈥檚 revenue due to a delay in the U.S. Congress approving a federal budget; and the Company鈥檚 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. 鈥淩isk Factors鈥 section of the Company鈥檚 recently filed Form 10-Q, Item 1A. "Risk Factors鈥 in the Company鈥檚 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 debt 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 & Chief Executive Officer
Phone: (703) 752-6157
A photo accompanying this announcement is available at
FAQ
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