Core Viewpoint - Castellum, Inc. has expanded its service offerings by adding Special Item Number (SIN) 541611 to its GSA Multiple Award Schedule contract, allowing it to bid on management and financial consulting contracts [1][2]. Group 1: Company Expansion - The addition of SIN 541611 enables Global Technology and Management Resources, Inc. (GTMR) to compete for contracts related to management and financial consulting, acquisition and grants management support, and business program and project management services [1]. - This expansion demonstrates Castellum's ability to leverage past performance to enter similar market areas, moving from engineering services into professional services [2]. Group 2: Strategic Importance - The ability to respond to Requests for Quotations (RFQs) and Requests for Proposals (RFPs) tied to SIN 541611 is seen as a significant step for the company [2]. - The expansion is also expected to enhance the company's capacity to leverage joint venture agreements on the GSA MAS schedule, indicating a focus on organic growth [2].

Core Viewpoint - Castellum, Inc. is notifying holders of 3,355,000 unexercised warrants that they will expire on May 16, 2025, with 1,145,000 warrants already exercised since March 19, 2025 [1][3]. Group 1: Company Performance - Castellum successfully raised equity by issuing 4.5 million shares at $1.00 in March 2025, raising an additional $1.2 million through the exercise of over 1.1 million warrants by the end of March [2]. - The company has secured a significant contract worth $103 million, contributing to a strong balance sheet and reinforcing its commitment to organic growth [3]. Group 2: Warrant Details - The remaining unexercised warrants allow investors to purchase shares at $1.08 each, with a deadline for exercise set for May 16, 2025 [1][2][3].

Core Viewpoint - Castellum, Inc. has successfully closed a public offering of 4,500,000 Units at a price of $1.00 per Unit, raising approximately $4.5 million in gross proceeds [1][2][3]. Group 1: Offering Details - Each Unit consists of one share of common stock and one warrant to purchase one share of common stock, with warrants exercisable at $1.08 per share and expiring 60 days from issuance [1][2]. - The offering was facilitated by Maxim Group LLC, acting as the sole placement agent on a reasonable best-efforts basis [2]. Group 2: Use of Proceeds - Castellum intends to utilize the net proceeds from the offering for working capital and general corporate purposes [2]. Group 3: Regulatory Information - A shelf registration statement on Form S-3 was filed with the U.S. Securities and Exchange Commission (SEC) and became effective on January 24, 2025, allowing for the offering of the securities [3][4]. - A preliminary prospectus supplement and accompanying prospectus have been filed with the SEC, with final documents available on the SEC's website [4]. Group 4: Company Overview - Castellum, Inc. is a defense-oriented technology company focused on cybersecurity, electronic warfare, and software services, particularly for the federal government [1][6].

Core Insights - Castellum, Inc. has achieved Maturity Level 3 in ISACA's Capability Maturity Model Integration (CMMI), enhancing its competitiveness in government proposals [1][2][3] Group 1: Company Overview - Castellum, Inc. specializes in cybersecurity, electronic warfare, and software engineering services, primarily targeting the federal government [4] - The appraisal was conducted by Advanced Network Technology Solutions, confirming the company's adherence to a defined level of performance [1][2] Group 2: CMMI Maturity Level 3 Significance - Achieving Maturity Level 3 indicates that Castellum's processes are well characterized, understood, and documented, which is essential for improving business performance [2] - This level is a requirement for certain government contracts, thus making Castellum and its subsidiaries more competitive in securing new opportunities [2][3] Group 3: Management Commentary - The Chief Operating Officer of Castellum expressed confidence that the CMMI Level 3 appraisal will enhance the company's technical evaluation scores for new opportunities requiring this certification [3]

Core Insights - Castellum, Inc. has achieved a Maturity Level 3 appraisal from ISACA's Capability Maturity Model Integration (CMMI), enhancing its competitiveness in government proposals [1][2][3] Group 1: Company Overview - Castellum, Inc. is a cybersecurity, electronic warfare, and software engineering services company focused on the federal government [1][4] - The appraisal was conducted by Advanced Network Technology Solutions, indicating that Castellum's processes are well characterized and understood [2] Group 2: CMMI Maturity Level 3 Significance - Achieving Maturity Level 3 means that Castellum has established and improved its set of standard processes over time, which is crucial for certain government proposals [2] - The CMMI Level 3 appraisal is expected to boost Castellum's technical evaluation score for new opportunities requiring this certification [3]

Core Viewpoint - Castellum, Inc. has announced a public offering of 4,500,000 Units at a price of $1.00 per Unit, aimed at raising approximately $4.5 million for working capital and general corporate purposes [1][2]. Group 1: Offering Details - Each Unit consists of one share of common stock and one warrant to purchase one share of common stock, with warrants exercisable at $1.08 per share and expiring 60 days from issuance [1]. - The offering is expected to close on or about March 18, 2025, subject to customary closing conditions [2]. Group 2: Financial Information - Gross proceeds from the offering are anticipated to be around $4.5 million before deducting placement agent fees and estimated offering expenses [2]. - Maxim Group LLC is acting as the sole placement agent for the offering [2]. Group 3: Regulatory Information - A shelf registration statement on Form S-3 was filed with the SEC and became effective on January 24, 2025, allowing the securities to be offered by means of a prospectus [3]. - A preliminary prospectus supplement and accompanying prospectus have been filed with the SEC, with a final prospectus supplement to be filed as well [3]. Group 4: Company Overview - Castellum, Inc. is a defense-oriented technology company focusing on strategic acquisitions in cybersecurity, Model-Based Systems Engineering (MBSE), and information warfare [5].

Core Viewpoint - Castellum, Inc. intends to offer and sell shares of its common stock and warrants in a public offering, with the net proceeds aimed at working capital and general corporate purposes [1]. Group 1: Offering Details - The offering will consist of shares of common stock and warrants exercisable into shares of the Company's common stock, all offered by Castellum [1]. - The consummation of the offering is subject to market and other conditions, with no assurance on the timing or terms of the offering [1]. - Maxim Group LLC is acting as the sole placement agent for the offering on a reasonable best-efforts basis [2]. Group 2: Regulatory Information - A shelf registration statement on Form S-3 relating to the securities was filed with the SEC and became effective on January 24, 2025 [3]. - The shares may only be offered by means of a prospectus, with a preliminary prospectus supplement being filed with the SEC [3]. Group 3: Company Overview - Castellum, Inc. is a defense-oriented technology company focused on strategic acquisitions in cybersecurity, MBSE, and information warfare [5].

Core Viewpoint - Castellum, Inc. has appointed Tanya Bassett as Vice President of Business Development and Capture Management, aiming to enhance its business development capabilities and drive growth in the federal government sector [1][3][4]. Group 1: Company Overview - Castellum, Inc. is a cybersecurity, electronic warfare, and software engineering services company focused on serving the federal government [1][5]. - The company emphasizes its commitment to organic growth and capturing new opportunities and contracts [4]. Group 2: Leadership Appointment - Tanya Bassett brings over 28 years of industry experience and a proven track record in driving growth and winning new contracts [2]. - She will collaborate with Brooke Citrano, the Vice President of Business Development and Proposal Operations, to strengthen Castellum's business development efforts [2][3]. - Glen Ives, President and CEO of Castellum, expressed confidence in Bassett's ability to impact the company's growth positively [4].

Core Insights - Castellum, Inc. has secured a $103.3 million contract, marking the largest contract win in the company's history, aimed at supporting the Naval Air Systems Command's Special Missions [1][2] Group 1: Contract Details - The contract is for a duration of five and a half years and involves Special Missions Management of On-Site Services [1] - It encompasses multiple Intelligence, Surveillance, Reconnaissance, and Targeting programs, including the Maritime Patrol and Reconnaissance Force Family of Systems and MQ-4C Triton [1][2] Group 2: Company Strategy and Vision - The company aims to provide comprehensive support throughout the acquisition life cycle, including engineering analysis, logistics, and operations support for ISR&T platforms [2] - Castellum emphasizes its commitment to national security and the importance of advanced technological capabilities for U.S. warfighters [3] Group 3: Leadership Perspective - The CEO of Castellum expressed confidence in the company's growth strategy and the team's ability to adapt to market conditions and customer needs [3]

Core Insights - Castellum, Inc. reported a slight decline in revenue for 2024, totaling $44.8 million compared to $45.2 million in 2023, while operating loss improved to ($7.2 million) from ($16.7 million) in the previous year [2][4] - The company achieved an Adjusted EBITDA of $0.8 million for 2024, a significant increase from $0.2 million in 2023, indicating improved operational performance [3][10] - Cash flow from operating activities turned positive at $1.1 million in 2024, compared to a negative cash flow of ($2.3 million) in 2023, reflecting better cash management [3][4] Financial Performance - Total cash as of December 31, 2024, was $12.3 million, a substantial increase from $1.8 million at the end of 2023, while total debt decreased to $10.7 million from $12.4 million [4][6] - Gross profit for 2024 was reported at $18.3 million, slightly down from $18.7 million in 2023, indicating stable gross margins despite revenue decline [13] Management Commentary - The CEO expressed optimism about the company's progress in 2024 and highlighted expectations for growth in 2025 due to new contract wins and improved execution on existing contracts [6] - The management emphasized the positive impact of reduced debt and increased cash on the company's positioning for future growth [6]