Castellum Inc (CTM)

[garymatt]

Is Edgar clear as it seems to be?
If you've been using shares by the millions to buy companies right and left I guess 3 BILLION isn't unreasonable but Sheesshh!

Perhaps someone can provide more clarity or even say what is, if I have misinterpreted the whole thing.

https://www.sec.gov/Archives/edgar/data/1877939/000157587222000848/lb012_s1.htm
Page 90
Amended and Restated Articles of Incorporation to be Adopted in Connection with this Offering
Prior to the closing of this offering, we intend to file an amendment to our Amended and Restated Articles of Incorporation, to effect a 1-for-20 Reverse Stock Split.
Upon completion of this offering, we will be authorized to issue 3,000,000,000 shares of common stock, $0.0001 par value per share, and 50,000,000 shares of preferred stock. There will be 5,875,000 shares of Series A preferred stock outstanding and 770,000 shares of Series C preferred stock outstanding.

Page 93 SHARES ELIGIBLE FOR FUTURE SALE
Based on the number of shares outstanding as of the date of this prospectus, upon completion of this offering, 27,988,132 shares of common stock will be outstanding, or 28,468,132 if the over-allotment option is exercised in full.