Castellum Announces Pricing Of $2.7M Registered Direct Offering Of 8,437,501 Shares At $0.32 Per Share And Accompanying Warrant
Portfolio Pulse from Benzinga Newsdesk
Castellum, Inc. has announced a registered direct offering of 8,437,501 shares priced at $0.32 per share, raising a total of $2.7 million. The offering also includes an accompanying warrant for investors.

January 25, 2024 | 1:58 pm
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Castellum, Inc. (CTM) has priced a direct offering of over 8 million shares at $0.32 each, with an accompanying warrant, to raise $2.7 million.
The direct offering is likely to have a dilutive effect on existing shares, which can lead to a short-term negative impact on the stock price. The offering price is also a key factor, as it may represent a discount to the current market price, further pressuring the stock. However, the additional capital raised could be beneficial for the company's growth and financial stability in the longer term.
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