Core Points - Castellum, Inc. is a cybersecurity, electronic warfare, and software engineering services company focused on the federal government [5][6] - The 2025 Annual Meeting of stockholders is scheduled for May 28, 2025, at 10:00 a.m. Eastern Time [1][5] - Stockholders of record as of March 21, 2025, are entitled to notice and vote at the meeting [1][5] Meeting Details - The meeting will take place at the offices of Pillsbury Winthrop Shaw Pittman LLP in Tysons, VA, and will be conducted both in person and virtually via live audio conference [2] - Stockholders can access the live audio conference call by dialing 1 (800) 715-9871 or 1 (646) 307-1963, with the conference identification number being 9842123 [2] Post-Meeting Activities - After the meeting, Castellum's management will conduct an informal presentation followed by a Q&A session [3] - A copy of the informal presentation will be available on the company's website under the "Investor" tab [3]

Core Insights - Castellum, Inc. reported its first year-over-year organic revenue growth as a listed company, with Q1 2025 revenue reaching $11.7 million, up from $11.3 million in Q1 2024 and $10.3 million in Q4 2024, indicating a significant operational turnaround [2][4]. Financial Performance - Revenue for Q1 2025 was $11.7 million, reflecting a year-over-year increase of 3.54% from $11.3 million in Q1 2024 and a quarter-over-quarter increase of 13.59% from $10.3 million in Q4 2024 [2][4]. - The company reported a reduced operating loss of $(1.1) million in Q1 2025, an improvement from $(4.0) million in Q1 2024 and $(1.6) million in Q4 2024, showcasing better cost management and operational efficiency [3]. - Castellum ended the quarter with a cash balance of $13.3 million, an increase from $12.3 million at the end of Q4 2024, highlighting its financial strength [3]. Strategic Developments - During the quarter, Castellum began executing a $103 million contract with the U.S. Navy for the PMA-290 program, which is expected to contribute positively to its 2025 performance [5][6]. - The contract win is seen as a strategic achievement that reinforces the company's business foundation and reflects its capabilities and customer trust [6].

Core Viewpoint - Castellum, Inc. has amended a letter agreement to reduce its principal balance on notes payable by $2 million, resulting in an aggregate principal balance of $4 million, and has extended the maturity date of the remaining note until December 15, 2027 [1][2]. Financial Strategy - The reduction in debt is part of Castellum's strategy to de-leverage its balance sheet and reduce overall debt service, which reflects the company's resilience and recent success [3]. - The company emphasizes that this strategic move will strengthen its ongoing performance and support its organic growth strategy [3][4]. Leadership Statements - David Bell, Chief Financial Officer, highlighted that the success in implementing debt mitigation plans contributes to a healthy balance sheet and positions the company for timely investments [3]. - Glen Ives, Chief Executive Officer, stated that this step is significant for the growth of Castellum, focusing on its people, mission customers, and shareholders [4]. Company Overview - Castellum, Inc. operates in the cybersecurity, electronic warfare, and software engineering services sectors, primarily serving the federal government [5].

Core Viewpoint - Castellum, Inc. has expanded its service offerings by adding Special Item Number (SIN) 541611 to its subsidiary GTMR's existing GSA MAS contract, enabling it to bid on management and financial consulting contracts [1][3]. Group 1: Company Expansion - The addition of SIN 541611 allows GTMR to compete for contracts related to management and financial consulting, acquisition and grants management support, and business program and project management services [1]. - This expansion signifies a strategic move from engineering services into professional services, showcasing the company's ability to leverage past performance in similar market areas [2][3]. Group 2: Leadership and Growth Strategy - Drew Merriman, Chief Operating Officer of Castellum, emphasized the importance of this step in leveraging joint venture agreements and focusing on organic growth [3]. - The company aims to respond to Requests for Quotations (RFQs) and Requests for Proposals (RFPs) specifically tied to the newly added SIN 541611, indicating a proactive approach to market opportunities [2].

Core Viewpoint - Castellum, Inc. has expanded its service offerings by adding Special Item Number (SIN) 541611 to its GSA Multiple Award Schedule contract, allowing it to bid on management and financial consulting contracts [1][2]. Group 1: Company Expansion - The addition of SIN 541611 enables Global Technology and Management Resources, Inc. (GTMR) to compete for contracts related to management and financial consulting, acquisition and grants management support, and business program and project management services [1]. - This expansion demonstrates Castellum's ability to leverage past performance to enter similar market areas, moving from engineering services into professional services [2]. Group 2: Strategic Importance - The ability to respond to Requests for Quotations (RFQs) and Requests for Proposals (RFPs) tied to SIN 541611 is seen as a significant step for the company [2]. - The expansion is also expected to enhance the company's capacity to leverage joint venture agreements on the GSA MAS schedule, indicating a focus on organic growth [2].

Core Viewpoint - Castellum, Inc. is notifying holders of 3,355,000 unexercised warrants that they will expire on May 16, 2025, with 1,145,000 warrants already exercised since March 19, 2025 [1][3]. Group 1: Company Performance - Castellum successfully raised equity by issuing 4.5 million shares at $1.00 in March 2025, raising an additional $1.2 million through the exercise of over 1.1 million warrants by the end of March [2]. - The company has secured a significant contract worth $103 million, contributing to a strong balance sheet and reinforcing its commitment to organic growth [3]. Group 2: Warrant Details - The remaining unexercised warrants allow investors to purchase shares at $1.08 each, with a deadline for exercise set for May 16, 2025 [1][2][3].

Core Viewpoint - Castellum, Inc. has successfully closed a public offering of 4,500,000 Units at a price of $1.00 per Unit, raising approximately $4.5 million in gross proceeds [1][2][3]. Group 1: Offering Details - Each Unit consists of one share of common stock and one warrant to purchase one share of common stock, with warrants exercisable at $1.08 per share and expiring 60 days from issuance [1][2]. - The offering was facilitated by Maxim Group LLC, acting as the sole placement agent on a reasonable best-efforts basis [2]. Group 2: Use of Proceeds - Castellum intends to utilize the net proceeds from the offering for working capital and general corporate purposes [2]. Group 3: Regulatory Information - A shelf registration statement on Form S-3 was filed with the U.S. Securities and Exchange Commission (SEC) and became effective on January 24, 2025, allowing for the offering of the securities [3][4]. - A preliminary prospectus supplement and accompanying prospectus have been filed with the SEC, with final documents available on the SEC's website [4]. Group 4: Company Overview - Castellum, Inc. is a defense-oriented technology company focused on cybersecurity, electronic warfare, and software services, particularly for the federal government [1][6].

Core Insights - Castellum, Inc. has achieved Maturity Level 3 in ISACA's Capability Maturity Model Integration (CMMI), enhancing its competitiveness in government proposals [1][2][3] Group 1: Company Overview - Castellum, Inc. specializes in cybersecurity, electronic warfare, and software engineering services, primarily targeting the federal government [4] - The appraisal was conducted by Advanced Network Technology Solutions, confirming the company's adherence to a defined level of performance [1][2] Group 2: CMMI Maturity Level 3 Significance - Achieving Maturity Level 3 indicates that Castellum's processes are well characterized, understood, and documented, which is essential for improving business performance [2] - This level is a requirement for certain government contracts, thus making Castellum and its subsidiaries more competitive in securing new opportunities [2][3] Group 3: Management Commentary - The Chief Operating Officer of Castellum expressed confidence that the CMMI Level 3 appraisal will enhance the company's technical evaluation scores for new opportunities requiring this certification [3]

Core Insights - Castellum, Inc. has achieved a Maturity Level 3 appraisal from ISACA's Capability Maturity Model Integration (CMMI), enhancing its competitiveness in government proposals [1][2][3] Group 1: Company Overview - Castellum, Inc. is a cybersecurity, electronic warfare, and software engineering services company focused on the federal government [1][4] - The appraisal was conducted by Advanced Network Technology Solutions, indicating that Castellum's processes are well characterized and understood [2] Group 2: CMMI Maturity Level 3 Significance - Achieving Maturity Level 3 means that Castellum has established and improved its set of standard processes over time, which is crucial for certain government proposals [2] - The CMMI Level 3 appraisal is expected to boost Castellum's technical evaluation score for new opportunities requiring this certification [3]

Core Viewpoint - Castellum, Inc. has announced a public offering of 4,500,000 Units at a price of $1.00 per Unit, aimed at raising approximately $4.5 million for working capital and general corporate purposes [1][2]. Group 1: Offering Details - Each Unit consists of one share of common stock and one warrant to purchase one share of common stock, with warrants exercisable at $1.08 per share and expiring 60 days from issuance [1]. - The offering is expected to close on or about March 18, 2025, subject to customary closing conditions [2]. Group 2: Financial Information - Gross proceeds from the offering are anticipated to be around $4.5 million before deducting placement agent fees and estimated offering expenses [2]. - Maxim Group LLC is acting as the sole placement agent for the offering [2]. Group 3: Regulatory Information - A shelf registration statement on Form S-3 was filed with the SEC and became effective on January 24, 2025, allowing the securities to be offered by means of a prospectus [3]. - A preliminary prospectus supplement and accompanying prospectus have been filed with the SEC, with a final prospectus supplement to be filed as well [3]. Group 4: Company Overview - Castellum, Inc. is a defense-oriented technology company focusing on strategic acquisitions in cybersecurity, Model-Based Systems Engineering (MBSE), and information warfare [5].