Castellum, Inc. Alerts Holders of Remaining Warrants Issued as Part of its $4.5 Million Public Offering that Closed on March 19, 2025 of Deadline to Exercise
Rhea-AI Summary
Castellum (NYSE-American: CTM) announces the upcoming expiration of remaining warrants from its March 2025 $4.5 million public offering. Of the original 4,500,000 warrants issued at $1.08 per share, 1,145,000 (over 25%) have been exercised, leaving 3,355,000 unexercised warrants that will expire on May 16, 2025.
The company has already raised an additional $1.2 million through warrant exercises through March. The initial public offering in March 2025 consisted of shares priced at $1.00. Management highlights their recent $103 million contract win and strong balance sheet, emphasizing their focus on organic growth and commitment to stakeholders.
Positive
- Recent $103 million contract win strengthens business outlook
- Successfully raised $4.5 million through public offering in March 2025
- Additional $1.2 million raised through warrant exercises
- 25% of warrants already exercised, showing investor confidence
Negative
- Potential dilution from remaining 3,355,000 warrants if exercised
- Warrant exercise price ($1.08) above initial offering price ($1.00) may limit conversion rate
News Market Reaction – CTM
In the trading session that priced this news, CTM declined 2.60%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
VIENNA, Va., April 10, 2025 (GLOBE NEWSWIRE) -- Castellum, Inc. (NYSE-American: CTM) (“Castellum” or “CTM”), a cybersecurity, electronic warfare, and software engineering services company focused on the federal government, is alerting the remaining holders of 3,355,000 unexercised warrants, exercisable at
“We had another very successful equity raise in March, issuing 4.5 million shares at
“I’m encouraged and gratified by the steady confidence our investors have placed in us, as shown by our most recent successful March equity raise,” said Glen Ives, President and CEO of Castellum. “Our CTM team remains unequivocally committed to building our strong organic growth foundation and winning culture. In the vernacular of our industry, your CTM team is laser locked like a missile seeker on its organic growth targets. With our recent
About Castellum, Inc.
Castellum, Inc. (NYSE-American: CTM) is a cybersecurity, electronic warfare, and software engineering services company focused on the federal government - https://castellumus.com/.
Cautionary Statement Concerning 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. These forward-looking statements represent the Company’s expectations or beliefs concerning future events and can generally be identified by the use of statements that include words such as “estimate,” “project,” “believe,” “anticipate,” “shooting to,” “intend,” “plan,” “foresee,” “likely,” “will,” “would,” “appears,” “goal,” “target” or similar words or phrases. Forward-looking statements include, but are not limited to, statements regarding the Company’s expectations for revenue growth and new customer opportunities, improvements to cost structure, and profitability. Forward-looking statements include, but are not limited to, statements regarding the Company’s expectations for revenue growth and new customer opportunities including opportunities arising from its contracts, improvements to cost structure, and profitability. 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 materially from the results expressed or implied in the forward-looking statements, including, among others: the Company’s ability to compete against new and existing competitors; 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, operating under a prolonged continuing resolution, government shutdown, or breach of the debt ceiling, as well as the imposition by the U.S. government of sequestration in the absence of an approved budget; the ability of the U.S. federal government to unilaterally cancel a contract with or without cause, and more specifically, the potential impact of the U.S. DOGE Service Temporary Organization on government spending and terminating contracts for convenience. For a more detailed description of these and other risk factors, please refer to the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission (“SEC”) which can be viewed at www.sec.gov. 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. The Company expressly disclaims any intent or obligation to update any of the forward-looking statements made in this release or in any of its SEC filings except as may be otherwise stated by the Company.
Offer or Solicitation
This communication is not intended to and does not constitute an offer to purchase the securities discussed herein or the solicitation of an offer to sell any securities.
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/50c46269-4af7-45f7-bf75-1fe6eef48620
