Castellum, Inc., a cybersecurity and software engineering services company, announced the successful exercise of warrants raising $4.5 million.
Investors demonstrated confidence in Castellum by exercising 3,673,666 warrants following a public offering of units.
The additional proceeds will fuel growth initiatives and strengthen the company's financial position.
Investor Confidence
3,673,666 warrants exercised for gross proceeds of $4,481,873.
Leadership Statements
David Bell, CFO, and Glen Ives, President and CEO, expressed optimism and gratitude for the capital raise.
Growth Initiatives
Proceeds to be used for investment in growth initiatives and to bolster the balance sheet.
- The raise signifies investor trust in Castellum's business plan and future prospects.
- The strengthened balance sheet positions Castellum for sustained growth and momentum into 2026.
Castellum's successful warrant exercise and capital raise reflect a positive outlook for the company's growth trajectory and financial stability.