POTOMAC, Md., Oct. 12, 2022 (GLOBE NEWSWIRE) — Castellum, Inc. (NYSE: CTM) (“Castellum” or “we”), a cybersecurity, electronic warfare and IT services company, today announced Announced. The public offering price of the common stock at the public offering price of $2.00 per share. Castellum offers 1,500,000 ordinary shares, granting a 45-day option to the underwriters to purchase up to 225,000 ordinary shares at the public offering price, less underwriting discounts and fees, with an over-allotment If you have it covered. The shares are expected to begin trading on the NYSE American Exchange under the ticker symbol “CTM” on October 13, 2022, with an offering expected to close on or about October 17, 2022, subject to the satisfaction of customary closing conditions. It will be completed.
Prior to listing on the NYSE American Exchange, the company’s common stock was listed on OTC Pink under the symbol “ONOV.”
In connection with this offering, the Company will conduct a reverse split of its outstanding common stock at a rate of 1 for every 20 shares. The reverse stock split is expected to become effective at the opening of trading on October 13, 2022. Share counts and pricing information in this release have been adjusted to reflect the reverse stock split.
EF Hutton, a division of Benchmark Investments, LLC, is acting as sole lead manager for the offering.
Our registration statement on Form S-1 (File No. 333-267249) regarding the offering was declared effective on October 12, 2022 by the U.S. Securities and Exchange Commission (“SEC”). According to the prospectus. Copies of the definitive prospectus filed with the SEC, where available, may be obtained from EF Hutton, a division of Benchmark Investments, LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, Attention: Syndicate Department. Email syndicate@efhuttongroup.com or call (212) 404-7002.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor does it constitute a sale of the securities being offered in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. not. Registration or qualification under the securities laws of such state or jurisdiction.
About Castellum Co., Ltd.
Castellum, Inc. (OTC: ONOV) is a technology services and solutions company that makes strategic acquisitions in cybersecurity, information technology, information warfare, electronic warfare, systems engineering, software engineering and software development. For more information, please visit: https://castellums.com/.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are based on current expectations and assumptions regarding future events or future performance of the Company and are inherently uncertain. Readers are cautioned not to place undue reliance on these forward-looking statements. These statements are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should carefully review the various risks and uncertainties identified in this release and the matters disclosed at www.otcmarkets.com. These risks and uncertainties may cause our actual results to differ materially from those indicated in the forward-looking statements.
For more information, please contact:
Mark Fuller, President and CEO
info@castellumus.com
301-961-4895
