secwatch.observer — SEC 8-K summary
======================================

Issuer:     Castellum, Inc. (CTM)
CIK:        0001877939
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0001575872-23-000291
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Castellum raises $500k equity, refinances $840k debt, extends maturities to fund acquisition
--------------------------------------------------------------------------------

- Raised $500k equity at $1.06/share; issued $840k convertible note due Feb 2024 at 10% interest, convertible at $1.20.
- Warrants for 700k shares at $1.38 issued; paid off $1.05M note with $300k cash and 556,250 shares.
- No remaining debt maturities in 2023 (except Live Oak term loan); acquisition expected to close in 2-3 weeks.
- CEO says financing supports key acquisition to grow Navy cybersecurity business.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1877939/000157587223000291/0001575872-23-000291-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1877939/000157587223000291/ctm-20230213.htm
  HTML page:      https://secwatch.observer/filing/0001575872-23-000291

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer