Castellum Prices Public Offering Of 4.17M Units At $1.20/Unit; Gross Proceeds Expected To Be ~$5.0M, Before Fees And Expenses

Castellum, Inc. (the "Company" and "Castellum") (NYSE-American: CTM), a cybersecurity, electronic warfare, and software services company focused on the federal government, today announced the pricing of its public offering of 4,166,667 Units at a public offering price of $1.20 per Unit. Each unit consists of one share of common stock and one warrant to purchase one share of common stock. The warrants will be immediately exercisable at $1.22 per share and will expire 60 days from the date of issuance. The shares of common stock and warrants are immediately separable and will be issued separately.

Gross proceeds from the offering are expected to be approximately $5.0 million before deducting placement agent fees and estimated offering expenses. Castellum intends to use the net proceeds of the offering for working capital and general corporate purposes.

The closing of the offering is expected to occur on or about June 13, 2025, subject to satisfaction of customary closing conditions.