Castellum retires promissory note 15 months early; long-term debt cut from $12M to under $5M

Castellum, Inc.

Retired promissory note with Buckhout Charitable Remainder Trust 15 months before maturity.
Note was originally issued in November 2019 as partial consideration for Corvus Consulting acquisition.
Total long-term debt reduced from over $12M in December 2023 to less than $5M after retirement.
CFO David Bell cites stronger balance sheet and lower debt service as key benefits.

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