Castellum Inc (CTM)

[Corvusanalyst]

POTOMAC, Md., April 07, 2022 (GLOBE NEWSWIRE) -- Castellum, Inc. (OTC: ONOV) announces that it has received $1.5 million in new investment capital from Crom Cortana Fund LLC to finance the uplisting of Castellum's common stock to a listed exchange later this year. Additionally, Castellum restructured its Series A convertible preferred stock and paid down $500,000 of its convertible debt to enhance the Company's capitalization table ahead of the expected uplisting. The net effect of the transactions reduces the fully diluted share count of the Company by more than 8% while giving the Company the capital necessary to hire outside advisors and start to take the requisite steps for the uplisting.