Castellum stock falls as it prices $4.5M public offering (CTM:NYSE)

Last updated: March 17, 2025 9:59 am

By MT HANNACH

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Castellum (NYSE:Ctm) action dropped by 22% in pre-market trading, after the company at a price public offer To collect $ 4.5 million.
The company said it has evaluated its 4,500,000 units at $ 1 each. Each unit will have an action and a mandate to buy an action.
The mandates will be immediately exercised at $ 1.08 per share and will expire 60 days from the date of issue.
The company intends to use the net product of the offer for the purposes of the working capital and the general companies.