- Castellum (NYSE:CTM), a cybersecurity company, announced on Friday, the pricing of its previously announced public offering of 4.35M shares of its common stock at a public offering price of $0.85 per share.
- Gross proceeds from the offering are expected to be approximately $3.7 million before deducting placement agent fees and estimated offering expenses.
- Castellum intends to use the net proceeds of the offering for working capital and general corporate purposes.
- Castellum (CTM) shares were down more than 13% in pre-market trading.
Source link
