Castellum, Inc. Announces Aggregate Warrant Exercises Raising Additional Proceeds of Approximately $4.5 Million

Core Viewpoint - Castellum, Inc. has successfully raised approximately $4.5 million through the exercise of stock warrants, reflecting strong investor confidence in the company's business strategy and growth initiatives [1][2][4]. Group 1: Financial Highlights - Castellum announced that investors exercised a total of 3,673,666 warrants, resulting in gross proceeds of $4,481,873 [1][4]. - The exercise price for the warrants was set at $1.22 per share, and the warrants were set to expire on August 12, 2025 [1][2]. Group 2: Management Commentary - David Bell, Chief Financial Officer, emphasized that the raised capital will enable the company to continue investing in growth initiatives [2]. - Glen Ives, President and CEO, stated that the new capital strengthens the company's balance sheet and positions it for strong momentum heading into 2026 [2]. Group 3: Company Overview - Castellum, Inc. operates in the cybersecurity, electronic warfare, and software engineering services sectors, primarily focusing on the federal government [1][4].