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Castellum, Inc. Retires Bank Term Loan Early

Jul 10, 2024•almost 2 years ago

Contract Type

contract

PotomacOtherFinancial ServicesSoftware

Description

Castellum, Inc. announces the early retirement of its term loan with Live Oak Banking Company, reducing its total outstanding debt to $10.3 million. The Company expects to further decrease the debt through monthly principal payments on the Buckhout Charitable Trust promissory note.

Company Information

Company

Castellum, Inc.

Location

9812 FALLS ROAD

Potomac, Maryland, United States

About

Castellum, Inc. (OTC: ONOV) is a defense-oriented technology company that is executing strategic acquisitions in the cyber security, information technology and software, information warfare, and electronic warfare and engineering services space - http://castellumus.com/. Forward-Looking Statements: This release contains forward-looking statements within 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 inherently uncertain, based on current expectations and assumptions concerning the company’s future events or future performance. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should carefully review various risks and uncertainties identified in this release and matters disclosed at www.otcmarkets.com. These risks and uncertainties could cause the company’s actual results to differ materially from those in the forward-looking statements. For the potential acquisition announced today, there is a risk that the LOI does not translate into a closed transaction. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ade37cdc-e746-4a36-90f4-fce8ce0bc1cd

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