other material
confidence high
sentiment positive
materiality 0.75
Castellum raises $3.6M in stock offering; wins OASIS+ unrestricted IDIQ contract
Castellum, Inc.
- Sold 9,473,700 shares at $0.38/share in registered direct offering; gross proceeds ~$3.6M; closed Dec 24, 2024.
- Maxim Group LLC acted as sole placement agent; 7.0% cash fee plus expense reimbursement.
- Subsidiary Specialty Systems, Inc. awarded OASIS+ Unrestricted IDIQ contract across four domains: intelligence services, technical & engineering, R&D, management & advisory.
- Contract has potential ten-year performance period and no ceiling value; adds to three previously awarded small business OASIS+ domains.
- CEO Glen Ives called it the most important strategic win in Castellum's history.