Castellum raises $2.7M in registered direct offering plus warrants at $0.32/share

Castellum, Inc.

Gross proceeds ~$2.7M from sale of 8,437,501 shares/pre-funded warrants at $0.32 each.
Concurrent private placement: warrants to buy 8,437,501 shares at $0.35/share, exercisable upon shareholder approval, expire 5 years.
Maxim Group LLC acting as sole placement agent; closing expected Jan 29, 2024.
Shares/pre-funded warrants offered via effective shelf registration S-3 (No. 333-275840); warrants unregistered.
60-day lock-up for company and certain officers/directors; 1-year ban on variable-rate transactions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Castellum, Inc. entered into Purchase Agreement with the institutional investor (the Purchaser) valued at approximately $2.7 million (effective 2024-01-25).

Action: entry
Agreement: equity purchase
Counterparty: the institutional investor (the Purchaser)
Value: approximately $2.7 million
Effective: 2024-01-25

Exact text from the filing

On January 25, 2024, Castellum, Inc. (the “Company”), entered into a securities purchase agreement (the “Purchase Agreement”) with the institutional investor named on the signature page thereto (the “Purchaser”),

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Castellum, Inc. entered into Placement Agency Agreement with Maxim Group LLC (effective 2024-01-25).

Action: entry
Agreement: underwriting
Counterparty: Maxim Group LLC
Effective: 2024-01-25

Exact text from the filing

Pursuant to a placement agency agreement dated as of January 25, 2024 (the “Placement Agency Agreement”), the Company engaged Maxim Group LLC (“Maxim”) to act as the lead placement agent in connection with the offering.

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622 material agreements filed in the last 30 days. Browse all material agreements →

Castellum, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-002401

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