secwatch.observer — SEC 8-K summary
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Issuer:     Castellum, Inc. (CTM)
CIK:        0001877939
Form:       8-K
Filed at:   2024-09-04T23:59:59+00:00
Accession:  0001877939-24-000069
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1877939/000187793924000069/0001877939-24-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1877939/000187793924000069/ctm-20240902.htm
  HTML page:      https://secwatch.observer/filing/0001877939-24-000069

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer