Castellum Announces Closing of $4.5 Million Public Offering of Common Stock and Warrants

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].