Castellum, Inc. Announces Signing of LOI to Acquire $10 Million Government Contractor
BETHESDA, Md., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Castellum, Inc. (NYSE AMERICAN: CTM) announces the signing of a Letter of Intent (LOI) to acquire an East-coast-based government contractor generating approximately $10 million in revenue.
- BETHESDA, Md., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Castellum, Inc. (NYSE AMERICAN: CTM) announces the signing of a Letter of Intent (LOI) to acquire an East-coast-based government contractor generating approximately $10 million in revenue.
- "This transaction, should we be able to close it, would give us over a $54 million revenue run-rate and expand our scale and capabilities to serve our government clients.
- Additionally, our current business continues to perform well, as evidenced by our recently announced record revenue for Q3 2022.
- Specifically, the letter of intent announced in today's release is not a binding agreement, and it may not close.