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Castellum: Upside Might Be There In A Few Years, But Now I'm Still Cautious
Seeking Alpha· 2025-01-17 18:35
Disclosure and Ownership - The author holds a beneficial long position in CWQXY through stock ownership, options, or other derivatives [1] - The author owns European/Scandinavian tickers of all European/Scandinavian companies mentioned in the articles [2] - The author owns Canadian tickers of all Canadian stocks written about [2] Investment Considerations - Investing in European/Non-US stocks involves withholding tax risks specific to the company's domicile and the investor's personal situation [2] - Investors should consult a tax professional regarding the impact of dividend withholding taxes and potential mitigation strategies [2] General Disclaimers - The article is not financial advice and the author is not a licensed financial advisor [2] - Investors are expected to conduct their own due diligence and research before making any investment decisions [2] - Short-term trading, options trading, and futures trading are considered high-risk investment styles and may not be suitable for all investors [2]
Castellum Announces the Award of a $3.2 million Contract to its Specialty Systems, Inc. Subsidiary
GlobeNewswire News Room· 2025-01-14 11:45
Core News Summary - Castellum Inc's subsidiary, Specialty Systems Inc, has been awarded a $3 2 million, 18-month contract to enhance the Cyber-Supply Chain Risk Management (C-SCRM) capabilities for the Naval Air Warfare Center Aircraft Division - Lakehurst [1] - The contract focuses on improving the Aircraft Launch and Recovery Equipment (ALRE) mission systems' software and hardware supply chain management through an automated enterprise ALRE Cyber Signature Assessment (ACSA) framework [1] - The initiative aims to address the growing importance of cybersecurity and system integrity across the supply chain [1] Contract Details - The Naval Air Systems Command (NAVAIR) identified the need for an integrated and automated Software Composition Analysis (SCA) and component inspection framework to strengthen oversight of mission system components [2] - The proposed solution leverages Artificial Intelligence and Machine Learning (AI/ML) to create a holistic C-SCRM digital thread spanning the entire product lifecycle of ALRE mission systems [2] - The solution integrates SCA with advanced component inspection technology capable of detecting tampering at all levels, including hardware, firmware, and software [2] Company Perspective - Castellum's CEO, Glen Ives, expressed excitement about the opportunity to develop cutting-edge cybersecurity solutions using AI/ML for mission-critical customers [3] - The ACSA framework is expected to ensure the integrity of ALRE systems and components throughout the supply chain lifecycle, contributing to secure and efficient defense operations [3] - The company highlighted its team's expertise and dedication in delivering world-class technology solutions for national security needs [3] Company Overview - Castellum Inc is a cybersecurity, electronic warfare, and software engineering services company primarily focused on serving the federal government [4]
Castellum, Inc.'s SBA Protégés Successfully Onboard to SeaPort-NxG Contract
Newsfilter· 2025-01-08 11:45
Core Insights - Castellum, Inc. has successfully onboarded two Small Business Administration approved mentor-protégé companies, Epic Systems, Inc. and Krilla Kaleiwahea, LLC, to its SeaPort Next Generation contract [1][2] - The SeaPort-NxG contract is a strategic approach for the U.S. Navy to procure professional support services, enhancing Castellum's position for future growth opportunities [1][2] Company Overview - Castellum, Inc. specializes in cybersecurity, electronic warfare, and software engineering services, primarily serving the federal government [5] - Epic Systems, Inc. focuses on IT infrastructure projects and modernization of mission-critical applications for federal agencies, providing services such as operations and maintenance, data analytics, and cloud transformation [3] - Krilla Kaleiwahea, LLC (K2) is an 8(a) Native Hawaiian Organization that delivers advanced solutions in defense, technology, and workforce development for U.S. federal government projects [4] Strategic Alliances - Castellum's subsidiary, Specialty Systems, Inc., has formed a strategic alliance with Epic Systems, while Global Technology and Management Resources, Inc. has a pending alliance with K2 [1] - These alliances enable Castellum to compete for various set-aside opportunities on the SeaPort-NxG contract, including 8(a) and women-owned small business opportunities [2]
Castellum, Inc.'s SBA Protégés Successfully Onboard to SeaPort-NxG Contract
GlobeNewswire News Room· 2025-01-08 11:45
Core Insights - Castellum, Inc. has successfully onboarded two Small Business Administration approved mentor-protégé companies, Epic Systems, Inc. and Krilla Kaleiwahea, LLC, to its Seaport Next Generation contract [1][2] - The SeaPort-NxG contract is a strategic approach by the U.S. Navy for contracting professional support services, which includes a diverse community of contractors through a rolling admissions process [1] - The onboarding of these companies allows Castellum to pursue various set-aside opportunities, enhancing its competitive position for growth [2] Company Overview - Castellum, Inc. specializes in cybersecurity, electronic warfare, and software engineering services, primarily focused on the federal government [5] - Epic Systems, Inc. provides IT infrastructure development and modernization services for federal agencies, including operations and maintenance, data analytics, and cloud transformation [3] - Krilla Kaleiwahea, LLC (K2) is an 8(a) Native Hawaiian Organization that offers advanced solutions in defense and technology for U.S. federal government projects [4]
Castellum Announces Pricing of $3.7 Million Public Offering of Common Stock
Globenewswire· 2024-12-27 14:00
Core Viewpoint - Castellum, Inc. has announced a public offering of 4,355,000 shares of common stock at a price of $0.85 per share, aiming to raise approximately $3.7 million for working capital and general corporate purposes [1][4][8]. Group 1: Offering Details - The public offering price is set at $0.85 per share, with gross proceeds expected to be around $3.7 million before fees and expenses [1][4]. - The offering is being managed by Maxim Group LLC as the sole placement agent [3]. - The closing of the offering is anticipated to occur on or about December 30, 2024, pending customary closing conditions [7]. Group 2: Regulatory Information - A shelf registration statement on Form S-3 was filed with the SEC and became effective on December 12, 2023, allowing for the offering of these securities [8]. - A preliminary prospectus supplement and accompanying prospectus have been filed with the SEC, with a final prospectus supplement to be made available [8].
Castellum, Inc. Announces Proposed Public Offering of Common Stock
Newsfilter· 2024-12-27 01:00
Company Overview - Castellum Inc is a defense-oriented technology company focused on cybersecurity, electronic warfare, and software services for the federal government [1][4] - The company is executing strategic acquisitions in cybersecurity, MBSE (Model-Based Systems Engineering), and information warfare areas [4] Public Offering Details - Castellum Inc intends to offer and sell shares of its common stock in a public offering [1] - All shares of common stock will be offered in the public offering [1] - The net proceeds from the offering will initially be used for working capital and general corporate purposes [1] - A shelf registration statement on Form S-3 (File No 333-275840) relating to the securities being offered was previously filed with the SEC and became effective on December 12, 2023 [2] - The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC [8] Offering Process - Maxim Group LLC is acting as the sole placement agent for the offering on a reasonable best-efforts basis [7] - The shares may be offered only by means of a prospectus [2] - A preliminary prospectus supplement and accompanying prospectus relating to the public offering are being filed with the SEC and will be available on the SEC's website [2] - Copies of the preliminary prospectus supplement and accompanying prospectus may be obtained by contacting Maxim Group LLC [2]
Castellum, Inc. Announces Pricing of $3.6 Million Registered Direct Offering
Globenewswire· 2024-12-23 11:50
Castellum, Inc. Announces Pricing of $3.6 Million Registered Direct Offering Castellum, Inc. (the “Company”) (NYSE-American: CTM), a cybersecurity, electronic warfare, and software services company focused on the federal government, today announced that it has entered into a securities purchase agreement with several institutional investors to purchase 9,473,700 shares of common stock in a registered direct offering. The shares of common stock are being sold at an offering price of $0.38 per share - http ...
Castellum, Inc. Wins OASIS+ Unrestricted IDIQ Contract
Globenewswire· 2024-12-23 11:45
Castellum, Inc. Wins OASIS+ Unrestricted IDIQ Contract Castellum, Inc. (NYSE-American: CTM) (“Castellum”), a cybersecurity, electronic warfare, and software engineering services company focused on the federal government, announces that its subsidiary Specialty Systems, Inc., teaming with Castellum’s other two subsidiaries Corvus Consulting, LLC and Global Technology and Management Resources, Inc., was awarded all four unrestricted domains upon which it submitted proposals - https://castellumus.com/ VIEN ...
Polyrizon Enters into GMP Manufacturing Agreement for CTM Supply of its PL-14 Allergy Blocker in Preparation for Planned 2025 Clinical Trial
GlobeNewswire News Room· 2024-12-02 13:02
The engagement with an EU-based GMP manufacturing facility enables timely production and preparation for clinical trial. The EU-based GMP manufacturer has large-scale commercial production capabilities, to support Polyrizon in future commercialization efforts Raanana, Israel, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Polyrizon Ltd. (the "Company" or "Polyrizon"), a development stage biotech company specializing in the development of innovative intranasal hydrogels, announces today the signing of a manufacturing agr ...
Castellum, Inc. Announces $11.6 Million Higher Sequential Revenue and Gross Profits for Q3 2024
GlobeNewswire News Room· 2024-11-04 11:45
Financial Performance - Revenue for Q3 2024 was $11.6 million, showing sequential growth from $11.5 million in Q2 and $11.3 million in Q1 2024 [2] - Gross profit for Q3 2024 reached $5.0 million, up from $4.7 million in Q2 and $4.5 million in Q1 2024 [2] Company Strategy and Outlook - The company is focused on securing new contracts to drive significant growth and improve quarterly and long-term performance [3] - Strategic investments are being made to strengthen new business growth capabilities and secure new contracts [3] - The company aims to leverage its strong mission, technical capabilities, and past performance to achieve growth [3] Company Overview - Castellum, Inc is a cybersecurity, electronic warfare, and software engineering services company primarily serving the federal government [4] Contact Information - Glen Ives serves as the President and Chief Executive Officer of Castellum, Inc [6] - Contact details include phone number (703) 752-6157 and email info@castellumus.com [6]