Castellum Announces Closing Of $4M Revolver With Live Oak Bank
Portfolio Pulse from Benzinga Newsdesk
Castellum, Inc. (CTM) has successfully closed a $4 million revolving credit facility with Live Oak Bank. This financial maneuver is aimed at bolstering Castellum's liquidity and supporting its strategic initiatives.

February 23, 2024 | 11:58 am
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Castellum, Inc. has secured a $4 million revolving credit facility with Live Oak Bank, enhancing its financial flexibility and growth potential.
The closing of a $4 million revolving credit facility with Live Oak Bank is a positive development for Castellum, Inc. It indicates the company's ability to secure financing, which can be pivotal for its liquidity and for funding its strategic initiatives. This financial flexibility is likely to be viewed positively by investors, potentially leading to a short-term uptick in CTM's stock price.
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