Castellum, Inc. announced the closing of its previously announced public offering, which generated approximately $5.0 million in gross proceeds. The offering comprised 4,166,667 Units, each priced at $1.20. Each unit included one share of common stock and one warrant to purchase an additional share of common stock.
The warrants are immediately exercisable at $1.22 per share and are scheduled to expire 60 days from their issuance date. The shares of common stock and warrants were issued separately. The net proceeds from this offering are intended for working capital and general corporate purposes, enhancing the company's financial flexibility.
Maxim Group LLC served as the sole placement agent for the offering. This capital raise further strengthens Castellum's balance sheet, providing essential funds to support its ongoing operations and strategic growth initiatives within the federal government sector. The successful completion of this offering underscores investor confidence in the company's direction.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.