Castellum, Inc. Continues to Reduce Debt

Core Points - Castellum, Inc. has successfully reduced its total outstanding debt to $10.6 million and aims to lower it below $10 million by year-end through scheduled principal payments [1][3] - The company has made its 34th consecutive monthly term loan payment to Live Oak Banking Company, with two payments remaining on the original 36-month term loan taken for an acquisition in August 2021 [3][4] - Glen Ives, the incoming CEO, emphasized that deleveraging the balance sheet will provide more resources for supporting mission customers, employee development, and organic growth, ultimately benefiting shareholders [4] Company Overview - Castellum, Inc. operates in the cybersecurity, electronic warfare, and software engineering services sectors, primarily focusing on the federal government [2][5]