Castellum Reduces Debt to $10.6M, Nears Completion of 36-Month Loan
Portfolio Pulse from Benzinga Newsdesk
Castellum, Inc. (NYSE-American: CTM) has reduced its total outstanding debt to $10.6 million and is nearing the completion of a 36-month term loan with Live Oak Banking Company. The company has two remaining payments and expects its total debt to fall below $10 million by year-end.
June 06, 2024 | 10:46 am
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Castellum, Inc. has reduced its debt to $10.6 million and is close to completing a 36-month term loan. The company expects its total debt to fall below $10 million by the end of the year.
The reduction in debt and nearing completion of the term loan are positive indicators of financial health and stability for Castellum, Inc. This could lead to increased investor confidence and a potential short-term rise in stock price.
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