Castellum, Inc. announced that it expects to receive $2.7 million in funding
January 28, 2024
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Castellum, Inc. announced a private placement that it has agreed to issue and sell to the investor pre-funded warrants to purchase up to 8,437,501 shares of common stock at an offering price of $0.32 per warrant for the gross proceeds of approximately $2.7 million on January 29, 2024. The warrants will become exercisable upon effectiveness of shareholder approval, expire five years from such approval date, and have an exercise price of $0.35 per share.The warrants issued in the concurrent private placement and the shares issuable upon exercise of such warrants were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended, and Regulation D promulgated thereunder and have not been registered under the Act or applicable state securities laws.
Castellum, Inc. is a technology company in the areas of cybersecurity, information technology (IT), electronic warfare, information warfare, and information operations with businesses in the defense, federal, civilian, and commercial markets. Its services include intelligence analysis, software development, software engineering, program management, strategic and mission planning, information assurance, cybersecurity and policy support, data analytics and model-based systems engineering (MBSE). The Company develops information warfare and information operations (IW/IO) plans, exercises, doctrine, and training for the Military Services and the Combatant Commands in domestic and deployed overseas locations. It provides platform integration, modernization, and sustainment; system engineering; training and simulation services and logistics engineering. It offers expertise and technology to defense, intelligence and civilian agencies of the United States federal, state and local governments.