Castellum reduces revolving credit from $4M to $2M, adds $250K collateral account

Castellum, Inc.

Principal cut to $2M from $4M; collateral account of at least $250K required until debt service covenant replaced.
Borrowing base reporting frequency increased from monthly to twice-monthly.
Loan term now demandable at Lender's sole discretion; no fixed maturity.
Modification signed Sept 2, 2024, effective Aug 15, 2024; subsidiaries also named as obligors.

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