Castellum, Inc. Alerts Holders of Remaining Warrants on March 19, 2025 of Deadline to Exercise Castellum, Inc. (NYSE-American: CTM) (“Castellum” or “CTM”) is alerting the remaining holders of 3,355,000 unexercised warrants, exercisable at $1.08 per share, that these warrants will expire on May 16, 2025 - www.castellum.us VIENNA, Va., April 10, 2025 (GLOBE NEWSWIRE) -- Castellum, Inc. (NYSE-American: CTM) (“Castellum” or “CTM”), a cybersecurity, electronic warfare, and software engineering services com ...

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]

VIENNA, Va., March 17, 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, announces that its subsidiary Global Technology and Management Resources, Inc (“GTMR”) has been appraised at maturity level 3 (“Maturity Level 3”) of ISACA’s Capability Maturity Model Integration (“CMMI®”). Advanced Network Technology Solutions performed the appraisal. CMMI is a proven, o ...

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]

Core Insights - Castellum, Inc. has announced that its subsidiary, Global Technology and Management Resources, Inc. (GTMR), has been selected as a vendor for a Special Compartmented Information Multiple Award Contract (SCI MAC) to support the Intelligence Division of the Naval Air Warfare Center – Aircraft Division (NAWCAD) [1][3] - The contract, effective from February 21, 2025, has a ceiling value of $249 million, which will be distributed among the selected awardees [1][3] Company Overview - Castellum, Inc. specializes in cybersecurity, electronic warfare, and software engineering services, primarily focused on the federal government [4] - The company aims to leverage its position in the government contracting space to support mission-critical programs and enhance national security [3] Contract Details - The SCI MAC contract allows Castellum/GTMR to provide a wide range of services to the U.S. Department of Defense, including acquisition, analysis, research and engineering, logistics, training, and IT support [2] - The contract is designed to facilitate general contractor support services that require access to classified intelligence and threat information [2] Strategic Importance - This contract win is viewed as a significant strategic opportunity for Castellum, positioning the company to compete for future government contracts and support vital classified programs [3] - The company emphasizes the importance of having a "seat at the table" in government contracting to secure new opportunities and foster organic growth [3]