Castellum Announces Proposed Public Offering Of Common Stock; Stock Surges

(RTTNews) - Castellum Inc. (CTM), a cybersecurity, electronic warfare, and software services company focused on the federal government, said that it plans to offer and sell shares of its common stock in a public offering. The company is offering all of the shares of common stock.

CTM closed Thursday's regular trading at $1.38 up $0.80 or 137.93%.

The company noted that it initially intends to use the net proceeds of the offering for working capital and general corporate purposes. Consummation of the offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or the actual size or terms of the offering.

Maxim Group LLCis acting as the sole placement agent for the offering on a reasonable best-efforts basis.