Castellum, Inc. Reduces Principal Balance by $2 Million on Note Payable to Robert Eisiminger
Castellum (NYSE-American: CTM), a cybersecurity and electronic warfare services provider, has announced a significant debt reduction of $2 million on a note payable to Robert Eisiminger, leaving a remaining principal balance of $2 million.
The company's total long-term debt has been reduced to less than $3 million, marking a substantial improvement from the previous year. This strategic debt reduction aligns with CTM's organic growth strategy and aims to enhance its business development capabilities for securing major prime contracts.
Castellum (NYSE-American: CTM), fornitore di servizi di cybersecurity e guerra elettronica, ha annunciato una significativa riduzione del debito di 2 milioni di dollari su una nota pagabile a Robert Eisiminger, lasciando un saldo principale residuo di 2 milioni di dollari.
Il debito a lungo termine totale dell'azienda 猫 stato ridotto a meno di 3 milioni di dollari, segnando un miglioramento sostanziale rispetto all'anno precedente. Questa riduzione strategica del debito 猫 in linea con la strategia di crescita organica di CTM e mira a potenziare le capacit脿 di sviluppo commerciale per assicurarsi contratti principali di rilievo.
Castellum (NYSE-American: CTM), proveedor de servicios de ciberseguridad y guerra electr贸nica, ha anunciado una reducci贸n significativa de deuda de 2 millones de d贸lares en una nota pagadera a Robert Eisiminger, quedando un saldo principal restante de 2 millones de d贸lares.
La deuda total a largo plazo de la compa帽铆a se ha reducido a menos de 3 millones de d贸lares, marcando una mejora sustancial respecto al a帽o anterior. Esta reducci贸n estrat茅gica de deuda est谩 alineada con la estrategia de crecimiento org谩nico de CTM y busca mejorar sus capacidades de desarrollo comercial para asegurar contratos principales importantes.
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Castellum (NYSE-American : CTM), fournisseur de services en cybers茅curit茅 et guerre 茅lectronique, a annonc茅 une r茅duction significative de sa dette de 2 millions de dollars sur une reconnaissance de dette payable 脿 Robert Eisiminger, laissant un solde principal restant de 2 millions de dollars.
La dette totale 脿 long terme de la soci茅t茅 a 茅t茅 r茅duite 脿 moins de 3 millions de dollars, marquant une am茅lioration substantielle par rapport 脿 l'ann茅e pr茅c茅dente. Cette r茅duction strat茅gique de la dette s'inscrit dans la strat茅gie de croissance organique de CTM et vise 脿 renforcer ses capacit茅s de d茅veloppement commercial pour s茅curiser des contrats principaux majeurs.
Castellum (NYSE-American: CTM), ein Anbieter von Cybersecurity- und elektronischen Kriegsf眉hrungsdiensten, hat eine bedeutende Schuldenreduzierung von 2 Millionen US-Dollar auf eine an Robert Eisiminger zahlbare Schuldverk眉ndung bekanntgegeben, wodurch ein verbleibender Kapitalbetrag von 2 Millionen US-Dollar verbleibt.
Die gesamten langfristigen Schulden des Unternehmens wurden auf weniger als 3 Millionen US-Dollar reduziert, was eine erhebliche Verbesserung gegen眉ber dem Vorjahr darstellt. Diese strategische Schuldenreduzierung entspricht CTMs organischer Wachstumsstrategie und zielt darauf ab, die Gesch盲ftsentwicklungsf盲higkeiten zur Sicherung bedeutender Hauptvertr盲ge zu st盲rken.
- Reduced note payable principal by $2 million, demonstrating strong cash flow management
- Total long-term debt decreased to less than $3 million
- Strengthened balance sheet supports organic growth strategy
- Remaining $2 million principal balance still needs to be paid
VIENNA, Va., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Castellum, Inc. (NYSE-American: CTM) ("Castellum" or "CTM"), a cybersecurity, electronic warfare, and software engineering services company focused on the federal government, announces that it has reduced the principal balance on a by
"With this paydown, our total long-term debt is now less than
"Our continued success in implementing our debt reduction plan continues to strengthen our healthy balance sheet and supports our unwavering commitment to our organic growth strategy. We are well-positioned to make the right and timely investments to further strengthen our business development capability to win major prime contracts. This is another significant step in growing CTM better, stronger, and bigger for what's most important to us: our people, mission customers, and shareholders," states .
About Castellum, Inc.
) is a cybersecurity, electronic warfare, and software engineering services company focused on the federal government - .
Cautionary Statement Concerning Forward-Looking Statements:
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent the Company's expectations or beliefs concerning future events and can generally be identified by the use of statements that include words such as "estimate," "project," "believe," "anticipate," "shooting to," "intend," "plan," "foresee," "likely," "will," "would," "appears," "goal," "target" or similar words or phrases. Forward-looking statements include, but are not limited to, statements regarding the Company's expectations for revenue growth and new customer opportunities, improvements to cost structure, and profitability. Forward-looking statements include, but are not limited to, statements regarding the Company's expectations for revenue growth and new customer opportunities and other customers, improvements to cost structure, and profitability. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of the Company's control, that could cause actual results to differ materially from the results expressed or implied in the forward-looking statements, including, among others: the Company's ability to compete against new and existing competitors; its ability to effectively integrate and grow its acquired companies; its ability to identify additional acquisition targets and close additional acquisitions; the impact on the Company's revenue due to a delay in the U.S. Congress approving a federal budget, operating under a prolonged continuing resolution, government shutdown, or breach of the debt ceiling, as well as the imposition by the U.S. government of sequestration in the absence of an approved budget; the ability of the U.S. federal government to unilaterally cancel a contract with or without cause, and more specifically, the potential impact of the U.S. DOGE Service Temporary Organization on government spending and terminating contracts for convenience. For a more detailed description of these and other risk factors, please refer to the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission ("SEC") which can be viewed at www.sec.gov. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of the Company. 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. The Company expressly disclaims any intent or obligation to update any of the forward-looking statements made in this release or in any of its SEC filings except as may be otherwise stated by the Company.
Contact:
Glen Ives
President and Chief Executive Officer
Phone: (703) 752-6157
A photo accompanying this announcement is available at .
FAQ
How much did Castellum (CTM) reduce its note payable in August 2025?
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Who is the note payable to and what is the remaining balance?
