debt
confidence high
sentiment neutral
materiality 0.55
Castellum reduces $2M of principal on Eisiminger notes, extends maturity to Dec 2027, rate to 10%
Castellum, Inc.
- $2M principal payment reduces two notes to $4M aggregate; $400k note paid off, $5.6M note now $4M.
- Maturity on remaining note extended from Aug 2026 to Dec 15, 2027.
- Interest rate on the $4M note increased from 8% to 10% per annum.
- Amended letter agreement with Robert Eisiminger effective April 17, 2025.
- CFO cites de-levering balance sheet; CEO says it fortifies organic growth strategy.