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Castellum, Inc. Retires Promissory Note Early
Globenewswireยท 2025-06-05 10:45
Core Viewpoint - Castellum, Inc. has successfully retired its promissory note with the Buckhout Charitable Remainder Trust 15 months ahead of schedule, marking a significant improvement in its financial position and balance sheet leverage [1][5]. Financial Performance - The retirement of the note signifies a milestone in reducing the financing burden from the acquisition of Corvus Consulting, LLC, with total long-term debt decreasing from over $12 million in December 2023 to less than $5 million [2]. Company Overview - Castellum, Inc. operates in the cybersecurity, electronic warfare, and software engineering services sectors, primarily focusing on the federal government [3].