Welcome to our dedicated page for Castellum news (Ticker: CTM), a resource for investors and traders seeking the latest updates and insights on Castellum stock.
Castellum, Inc. reports news on its federal-government technology services business, including cybersecurity, electronic warfare, software engineering, information technology, and mission-support work. Company updates commonly cover financial results, organic revenue growth, backlog, prime contract wins, recompete awards, and work performed through subsidiaries and joint ventures for defense customers.
Recurring developments also include CMMC Level 2 C3PAO certification, balance-sheet actions such as debt retirement, business development investments, M&A strategy, and product or capability expansion in areas such as extended reality, digital engineering, model-based systems engineering, artificial intelligence, and machine learning-enabled applications.
Castellum, Inc. (NYSE AMERICAN: CTM) has signed a Letter of Intent to acquire a government contractor on the East Coast with approximately $10 million in revenue. The deal is pending due diligence and a definitive purchase agreement, aiming for closure by the end of January 2023. If successful, this acquisition would elevate Castellum's revenue run-rate to over $54 million and enhance its service capabilities to government clients. The company is also optimistic about future acquisitions in 2023, buoyed by record revenue reported for Q3 2022.
Castellum, Inc. (NYSE American: CTM) announced the appointment of Skyline Corporate Communications Group, LLC to enhance its investor relations and corporate communications. This decision follows Castellum's recent listing on the NYSE American and aims to broaden its investor base. CEO Mark Fuller highlighted the importance of effectively communicating the company's growth strategies and milestones to support its objectives in cybersecurity and IT services. Skyline will aid in conveying Castellum’s corporate narrative to the financial community, enhancing shareholder value through strategic messaging.
Castellum, Inc. (NYSE-American: CTM) reported a record revenue of approximately $11.1 million for Q3 2022, highlighting significant growth in its cybersecurity and IT services. The company anticipates publishing its full financial results on or about November 14, 2022. CEO Mark Fuller expressed optimism regarding leveraging the recent uplisting to NYSE-American to further enhance revenue and shareholder value. Castellum is focused on strategic acquisitions in technology services.
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.