Castellum signs LOI to Acquire $10 Million Government Contractor

(24/7 MARKET NEWS) – Castellum, Inc. (NYSE: CTM) announced, this morning, that it signed a Letter of Intent (LOI) to acquire an East-coast-based government contractor generating approximately $10 million in revenue, which it hopes to close the acquisition by the end of January 2023, subject to due diligence and the execution of a definitive purchase agreement.

Castellum is trading at $1.28, up $0.2801 (+28.01%), on over 1 million shares.

Its 52-week range is $0.8311 to $5.73. This morning’s high of $1.48 is the next key inflection point and, if it can break through the $1.80 inflection point, it could fill in back to the $4 level.  This morning’s high of $1.48 is the next key inflection point

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