Castellum, Inc. Announces Closing of $4 Million Revolver with Live Oak Bank [Yahoo! Finance]
Castellum, Inc. (CTM)
Company Research
Source: Yahoo! Finance
BETHESDA, Md., Feb. 23, 2024 (GLOBE NEWSWIRE) -- Castellum, Inc. (NYSE-American: CTM), a cybersecurity and software services company focused on the federal government, announces that it has closed its previously announced $4 million financing with Live Oak Bank Castellum, Inc. ("Castellum") now has a $4 million revolving credit facility secured by cash, receivables, and the Company's other assets. As part of the transaction, Castellum rolled over approximately $625,000 drawn down on its existing revolver with Live Oak Bank, paid down $400,000 owed to Robert Eisiminger, and paid down approximately $809,000 owed to the Buckhout Charitable Remainder Trust (the "BCR Trust"). The remaining $6.0 million balance owed to Mr. Eisiminger is now due in Q3 2026. The balance of $2.4 million owed to the BCR Trust will be fully amortized over 24 months starting September 2024, with the final payment due in August 2026. $400,000 owed to another creditor in 2024 is now due in July 2025, at which po
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News
- Castellum, Inc. Announces New Strategic Alliance [Yahoo! Finance]Yahoo! Finance
- Castellum, Inc. Announces New Strategic AllianceGlobeNewswire
- Castellum, Inc. Announces 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- Castellum, Inc. Announces 2023 Financial ResultsGlobeNewswire
- Castellum, Inc. Announces Closing of $4 Million Revolver with Live Oak BankGlobeNewswire
CTM
Sec Filings
- 4/19/24 - Form EFFECT
- 4/18/24 - Form 424B2
- 4/18/24 - Form 8-K
- CTM's page on the SEC website