other_material
confidence high
sentiment positive
materiality 0.50
Castellum investors exercise 3.67M warrants, raising ~$4.5M at $1.22/share
Castellum, Inc.
- 3,673,666 warrants exercised from June 2025 unit offering, generating $4,481,873 in gross proceeds.
- Each warrant had exercise price of $1.22 and expired August 12, 2025.
- Proceeds strengthen balance sheet; company plans to invest in growth initiatives for 2025/2026.
- Maxim Group LLC receives 3.5% cash fee (~$156,866) on warrant exercise proceeds.
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