POTOMAC, Md., Oct. 12, 2022 (GLOBE NEWSWIRE) — Castellum, Inc. (NYSE: CTM) (“Castellum”, or the “Company”), a cybersecurity, digital warfare, and IT companies firm, as we speak introduced the pricing of its public providing of widespread inventory at a public providing worth of $2.00 per share. Castellum is providing 1,500,000 shares of its widespread inventory and has granted the underwriters a 45-day choice to buy as much as a further 225,000 shares of widespread inventory on the public providing worth much less the underwriting reductions and commissions, to cowl over-allotments, if any. The shares are anticipated to start buying and selling on the NYSE American Exchange on October 13, 2022 beneath the ticker image “CTM” and the providing is predicted to shut on or about October 17, 2022, topic to satisfaction of customary closing circumstances.
Prior to the NYSE American Exchange itemizing, the Company’s widespread shares have been listed on the OTC Pink beneath the image “ONOV”.
In reference to this providing, the Company will effectuate a reverse break up of its issued and excellent widespread shares at a ratio of 1-for-20. The reverse inventory break up is predicted to be efficient as of the open of buying and selling on October 13, 2022. The share numbers and pricing info on this launch are adjusted to mirror the reverse inventory break up.
EF Hutton, division of Benchmark Investments, LLC, is performing as sole book-running supervisor for the providing.
The Company’s registration assertion on Form S-1 (File No. 333-267249) referring to the providing has been declared efficient by the U.S. Securities and Exchange Commission (the “SEC”) on October 12, 2022. The providing is being made solely by means of a prospectus. Copies of the ultimate prospectus which might be filed with the SEC could also be obtained, when accessible, from EF Hutton, division of Benchmark Investments, LLC, 590 Madison Avenue, thirty ninth Floor, New York, NY 10022, Attention: Syndicate Department, or by way of electronic mail at [email protected] or phone at (212) 404-7002.
This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase, nor shall there be any sale of the securities within the providing in any state or jurisdiction during which such a suggestion, solicitation or sale can be illegal previous to registration or qualification beneath the securities legal guidelines of any such state or jurisdiction.
About Castellum, Inc.
Castellum, Inc. (OTC: ONOV) is a know-how service and options firm executing strategic acquisitions in Cyber Security, Information Technology, Information Warfare, Electronic Warfare, Systems Engineering, Software Engineering, and Software Development. For extra info go to our web site at https://castellumus.com/.
Forward Looking Statements
This launch accommodates forward-looking statements inside the that means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently unsure, based mostly on present expectations and assumptions regarding the Company’s future occasions or future efficiency. Readers are cautioned to not place undue reliance on these forward-looking statements, that are solely predictions and converse solely as of the date hereof. In evaluating such statements, potential buyers ought to fastidiously overview varied dangers and uncertainties recognized on this launch and issues disclosed at www.otcmarkets.com. These dangers and uncertainties may trigger the Company’s precise outcomes to vary materially from these indicated within the forward-looking statements.
For additional info, please contact:
Mark Fuller, President & CEO
[email protected]
301-961-4895
