- Castellum, Inc. (CTM, Financial) announces the expiration of 3,355,000 unexercised warrants from its $4.5 million public offering on May 16, 2025.
- The company has successfully raised $1.2 million through the exercise of warrants as of March 2025.
- Castellum Inc. boasts a recent $103 million contract win and a strong balance sheet, reinforcing its focus on organic growth.
Castellum, Inc. (CTM), a company specializing in cybersecurity, electronic warfare, and software engineering services for the federal government, has announced that 3,355,000 unexercised warrants from its March 2025 public offering are set to expire on May 16, 2025. The warrants are exercisable at $1.08 per share, a slight premium over the $1.00 price of the shares in the original public offering.
From the 4,500,000 warrants initially issued in the $4.5 million public offering that closed on March 19, 2025, 1,145,000 (over 25%) have already been exercised, bringing in an additional $1.2 million through March. This reflects growing investor confidence in the company's strategic direction and financial health.
As Castellum, Inc. continues to build on its strong foundation, the firm underscores its recent $103 million contract acquisition, further bolstering its outlook. According to Glen Ives, President and CEO of Castellum, the company's commitment to organic growth remains unwavering, supported by a robust financial standing. Castellum (CTM, Financial) is looking forward to leveraging these successes to enhance value for its stakeholders in the near and long term.
