Castellum raises $4.5M through warrant exercises

Castellum (CTM) announced that following Castellum’s June 12 public offering of 4,166,667 units – each unit consisting of one share of common stock and one warrant with an exercise price of $1.22 that would expire on August 12 -, investors have exercised an aggregate of 3,673,666 warrants for total gross proceeds of $4,481,873.