Our client Castellum, Inc. (NYSE-American: CTM), a prominent player in the cybersecurity, electronic warfare, and software services sector, proudly announces its closing of a securities purchase agreement with an institutional investor. The deal entails the purchase of 8,437,501 shares of common stock (or pre-funded warrants in lieu thereof) in a registered direct offering. Simultaneously, in a concurrent private placement, the Company has committed to issuing and selling warrants to purchase up to 8,437,501 shares of common stock.
