Castellum, Inc. Files Material Definitive Agreement 8-K

TL;DR

Castellum Inc. signed a big deal, filing an 8-K on Sept 4th.

AI Summary

On September 2, 2024, Castellum, Inc. filed an 8-K report detailing a material definitive agreement. The filing, submitted on September 4, 2024, pertains to Castellum, Inc., incorporated in Nevada with its principal executive offices in Vienna, VA.

Why It Matters

This filing indicates Castellum, Inc. has entered into a significant agreement, which could impact its business operations and financial standing.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that may affect the company's future performance.

Key Numbers

• 001-41526 — SEC File Number (Identifies the company's filing with the SEC)
• 27-4079982 — IRS Employer Identification No. (Company's tax identification number)

Key Players & Entities

• Castellum, Inc. (company) — Registrant
• Nevada (jurisdiction) — State of incorporation
• Vienna, VA (location) — Principal executive offices
• September 2, 2024 (date) — Earliest event reported
• September 4, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $0.0001 — ich registered Common stock, par value $0.0001 per share CTM NYSE American LLC Indic
• $250,000 — account with a balance of not less than $250,000 until such time as the senior debt serv
• $4,000,000 — ncipal amount of the Original Note from $4,000,000 to $2,000,000. The foregoing descripti
• $2,000,000 — of the Original Note from $4,000,000 to $2,000,000. The foregoing description of the Loan

Filing Documents

• ctm-20240902.htm (8-K) — 28KB
• exhibit101-loanmodificatio.htm (EX-10.1) — 43KB
• 0001877939-24-000069.txt ( ) — 204KB
• ctm-20240902.xsd (EX-101.SCH) — 2KB
• ctm-20240902_lab.xml (EX-101.LAB) — 22KB
• ctm-20240902_pre.xml (EX-101.PRE) — 13KB
• ctm-20240902_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement On September 2, 2024, Castellum, Inc. (the "Company") and its subsidiaries entered into a loan modification agreement effective August 15, 2024 (the "Loan Modification Agreement") with Live Oak Banking Company (the "Lender") to modify certain terms of the revolving line of credit promissory note dated February 22, 2024 (the "Original Note"). Among other things, the Loan Modification Agreement (i) modified the definition of the term contained in the Original Note, (ii) required the Company to establish a collateral account with a balance of not less than $250,000 until such time as the senior debt service covenant is replaced by a total debt service covenant of 1:15 to 1:00 at which time the collateral funds shall be released at the Lender's sole discretion, (iii) modified the frequency of the reporting of the borrowing base from once a month to twice a month, and (iv) reduced the principal amount of the Original Note from $4,000,000 to $2,000,000. The foregoing description of the Loan Modification Agreement is qualified in its entirety by reference to the full text thereof, which is attached as Exhibit 10.1 hereto.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Exhibit Title 10.1 Loan Modi fication Agreement effective August 15, 2 024 by and among Castellum, Inc. , Speci alty Sys tems, Inc. , Corvus Cons ulting, LLC, Mainnerve Federal Services, Inc. , and Global Technology and Management Resources, Inc. 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: September 4, 2024 By: /s/ Glen R. Ives Name: Glen R. Ives Title: Chief Executive Officer (Principal Executive Officer)

View Full Filing

View this 8-K filing on SEC EDGAR