Castellum, Inc. Announces Intent to Uplist to NYSE American Exchange
Castellum, Inc. (OTC: ONOV) announced its uplisting to the NYSE American Exchange, effective on or about October 7, 2022.
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Rhea-AI Summary
Castellum, Inc. (OTC: ONOV) announced its uplisting to the NYSE American Exchange, effective on or about October 7, 2022. This transition includes an underwritten public offering and a one-for-twenty reverse stock split of its common stock. Following this, the stock will trade under the new ticker symbol CTM. The approval is contingent on meeting specific requirements, including price criteria at the time of listing. The new CUSIP for the common stock after the split is 14838T204.
Positive
- Successful uplisting to NYSE American Exchange enhances market visibility.
- Change of ticker symbol to CTM may attract new investors.
Negative
- One-for-twenty reverse stock split may lead to initial investor skepticism.
Details
News Market Reaction – ONOV
The recorded move for ONOV in the trading session of this news was +11.73%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
POTOMAC, Md., Oct. 04, 2022 (GLOBE NEWSWIRE) -- Castellum, Inc. (“Castellum”) (OTC: ONOV), a cybersecurity, electronic warfare, and IT services company, announced today that, subject to meeting all requirements (including the price requirement) at the time of listing, the Company’s application to list its shares of common stock (the “Common Stock”), has been approved to uplist to the NYSE American Exchange in conjunction with an underwritten public offering and a one-for-twenty reverse stock split of the Common Stock effective on or about October 7, 2022. The ticker symbol for the Common Stock will change to “CTM” upon listing. Trading of the Common Stock is expected to commence on or about October 7, 2022. The new CUSIP for the Common Stock following the reverse stock split will be 14838T204.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of any entity. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement on Form S-1 (File No. 333-267249), as amended, pursuant to which the offering is being conducted, has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to notice of its acceptance given after the effective date.
About Castellum, Inc.:
Castellum, Inc. (OTC: ONOV) is a technology service and solutions company executing strategic acquisitions in Cyber Security, Information Technology, Information Warfare, Electronic Warfare, Systems Engineering, Software Engineering, and Software Development. For more information visit our website at https://castellumus.com/.
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 the Company’s future events or future performance. 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. In evaluating such statements, prospective investors should carefully review various risks and uncertainties identified in this release and matters disclosed at www.otcmarkets.com. These risks and uncertainties could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements.
Contact:
Mark Fuller, President & CEO
info@castellumus.com
301-961-4895
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e591ef5b-3585-49af-ba89-c287bc0c06a4
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