Lucosky Brookman Represents Castellum, Inc. in $4.5 Million Public Offering
Castellum, Inc. (NYSE-American: CTM), a cybersecurity, electronic warfare, and software services company focused on the federal government, has successfully closed its $4.5 million public offering, marking a significant milestone in its growth strategy. The transaction, which included 4,500,000 units priced at $1.00 per unit, strengthens the company's financial position in the defense technology sector.
Lucosky Brookman LLP served as legal counsel to Castellum in this strategic financing, which enhances the company's ability to advance its innovative defense technology platform.
The successfully completed capital raise will fuel several critical initiatives:
- Working capital enhancement
- Strategic acquisition opportunities
- Expansion of cybersecurity capabilities
- General corporate purposes
This financing was conducted pursuant to a shelf registration statement that became effective on January 24, 2025, with Maxim Group LLC acting as the sole placement agent on a reasonable best-efforts basis. The transaction is expected to support Castellum's continued execution of strategic acquisitions in cybersecurity, MBSE, and information warfare areas.
The successful closing of this transaction underscores the market's confidence in Castellum's innovative approach to addressing critical national security challenges through its specialized portfolio of defense technology solutions and services.