Castellum, Inc. Closes $1.5M Convertible Note Private Placement
Ticker: CTM · Form: 8-K · Filed: Jun 6, 2024 · CIK: 1877939
Sentiment: neutral
Topics: financing, private-placement, convertible-notes
TL;DR
Castellum just closed a $1.5M private placement of convertible notes.
AI Summary
On June 6, 2024, Castellum, Inc. filed an 8-K report to announce the closing of its previously disclosed private placement of convertible notes. The company raised approximately $1.5 million in gross proceeds from this offering, which was led by a single institutional investor.
Why It Matters
This capital infusion provides Castellum with additional funding, potentially supporting its growth initiatives or operational needs.
Risk Assessment
Risk Level: medium — The filing concerns a private placement of convertible notes, which can dilute existing shareholders if converted.
Key Numbers
- $1.5M — Gross Proceeds (Raised from private placement of convertible notes)
- 20240606 — Filing Date (Date the 8-K was filed with the SEC)
Key Players & Entities
- Castellum, Inc. (company) — Registrant
- June 6, 2024 (date) — Date of Report
- $1.5 million (dollar_amount) — Gross proceeds from private placement
- Nevada (jurisdiction) — State of incorporation
- 1934 Old Gallows Road, Suite 350 Vienna, VA 22182 (address) — Principal executive offices
FAQ
What was the purpose of the private placement?
The filing does not explicitly state the purpose of the private placement, but it is common for such funds to be used for general corporate purposes, working capital, or growth initiatives.
Who was the institutional investor?
The filing states the private placement was led by a single institutional investor, but does not disclose the investor's name.
What are the terms of the convertible notes?
The filing refers to previously disclosed terms of the convertible notes, but the specific terms (interest rate, conversion price, maturity date) are not detailed in this particular 8-K filing.
When was the private placement initially announced?
The filing mentions the 'previously disclosed' private placement, implying it was announced in an earlier filing, but the exact date of the initial announcement is not provided in this document.
What is Castellum, Inc.'s primary business?
Castellum, Inc. is primarily engaged in the Services-Management Consulting Services industry, as indicated by its SIC code 8742.
Filing Stats: 411 words · 2 min read · ~1 pages · Grade level 9.9 · Accepted 2024-06-06 16:08:41
Key Financial Figures
- $0.0001 — ich registered Common stock, par value $0.0001 per share CTM NYSE American LLC Indic
Filing Documents
- ctm-20240606.htm (8-K) — 25KB
- exhibit991june62024.htm (EX-99.1) — 8KB
- castellumlogoa.jpg (GRAPHIC) — 50KB
- 0001877939-24-000043.txt ( ) — 228KB
- ctm-20240606.xsd (EX-101.SCH) — 2KB
- ctm-20240606_lab.xml (EX-101.LAB) — 22KB
- ctm-20240606_pre.xml (EX-101.PRE) — 13KB
- ctm-20240606_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. On June 6, 2024, the Company issued a press release announcing it continues to reduce debt. The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Exhibit Title 99.1 Press Release dated June 6 , 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. CASTELLUM, INC. Date: June 6, 2024 By: /s/ Mark C. Fuller Name: Mark C. Fuller Title: Chief Executive Officer (Principal Executive Officer)