secwatch.observer — SEC 8-K summary
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Issuer:     Castellum, Inc. (CTM)
CIK:        0001877939
Form:       8-K
Filed at:   2023-03-28T23:59:59+00:00
Accession:  0001575872-23-000459
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Castellum closes GTMR acquisition for ~4.9M shares and $1.25M cash; pro forma revenue >$50M
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- Acquired 100% of GTMR for 4,866,570 restricted shares and $1,250,000 cash ($350,000 held back for working capital).
- GTMR is a $10M revenue government contractor; Castellum expects immediate accretion on revenue, cash profit, and net income per share.
- Pro forma revenue run rate exceeds $50M; GTMR adds ~60 employees and a prime contract vehicle at Pax River.
- Tax-free reorganization under Section 368; over 80% of consideration in stock.
- Castellum expects to close another non-binding LOI within 10-20 days and continues acquisition pipeline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1877939/000157587223000459/0001575872-23-000459-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1877939/000157587223000459/ctm-20230322.htm
  HTML page:      https://secwatch.observer/filing/0001575872-23-000459

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