other material
confidence high
sentiment neutral
materiality 0.55
Castellum closes $4.5M unit offering; subsidiary earns CMMI Level 3 appraisal
Castellum, Inc.
- Closed public offering of 4,500,000 units at $1.00/unit, each unit = 1 common share + 1 warrant exercisable at $1.08 for 60 days; gross proceeds $4.5M.
- Net proceeds to be used for working capital and general corporate purposes; Maxim Group acted as sole placement agent with 7% fee.
- Directors and officers subject to 60-day lock-up; 60-day standstill on equity issuance, extended by 30 days if majority of warrants exercised.
- Subsidiary Global Technology and Management Resources achieved CMMI Maturity Level 3 appraisal, boosting competitiveness for government proposals.