CTM CASTELLUM INC

Castellum, Inc. Set to Join Russell Microcap® Index

Castellum, Inc. Set to Join Russell Microcap® Index

BETHESDA, Md., May 30, 2023 (GLOBE NEWSWIRE) -- Castellum, Inc. (the “Company”) (NYSE-American: CTM), a cybersecurity and electronic warfare services company, today announced that it is set to join the at the conclusion of the , effective after the U.S. market closes on June 23, 2023, according to a preliminary list of additions posted May 26, 2023 (See ).

Membership in the Russell Microcap® index, which remains in place for one year, results in automatic inclusion in any growth and value style funds or other portfolios modeled after the index. determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1 trillion in assets are benchmarked against the Russell’s U.S. indexes that are part of FTSE Russell, a leading global index provider.

“We are pleased to report to our shareholders that we are slated to join the Russell Microcap® index next month,” said . “When we uplisted to the New York Stock Exchange - American last October, we did so in part to increase the institutional ownership of our stock. Gaining inclusion into the Russell Microcap® index is an important step in achieving that goal and supporting our broader growth initiatives.”

About

FTSE Russell is a global index leader that provides innovative benchmarking, analytics, and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $16 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products, and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth, and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group. For more information on the Russell Microcap® Index and the Russell indexes reconstitution, go to the section on the FTSE Russell website. For more information, visit .

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 “set to,” “slated,” “estimate,” “project,” “believe,” “anticipate,” “intend,” “plan,” “foresee,” “likely,” “will,” “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. 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 or raising the federal debt ceiling, and the Company’s ability to attract additional institutional investors of its common stock. 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 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:

Skyline Corporate Communications Group, LLC

Lisa Gray, Senior Account Manager

One Rockefeller Plaza, 11th Floor.

New York, NY 10020

Office: 646.893.5835 x1

Email: 

A photo accompanying this announcement is available at



EN
30/05/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on CASTELLUM INC

 PRESS RELEASE

Castellum, Inc. Announces Aggregate Warrant Exercises Raising Addition...

Castellum, Inc. Announces Aggregate Warrant Exercises Raising Additional Proceeds of Approximately $4.5 Million VIENNA, Va., Aug. 14, 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, announced today that following of 4,166,667 units (each unit consisting of one share of common stock and one warrant with an exercise price of $1.22 that would expire on August 12, 2025), investors have exercised an aggregate of 3,673,666 warrants for total gr...

 PRESS RELEASE

Castellum, Inc. Teams with Quarrio to Provide Trustworthy Agentic AI f...

Castellum, Inc. Teams with Quarrio to Provide Trustworthy Agentic AI for Government VIENNA, Va., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Castellum, Inc. (NYSE-American: CTM) ("Castellum" or the "Company"), a cybersecurity, electronic warfare, and software services company focused on the federal government, is pleased to announce that it has entered into a reseller agreement with , an agentic AI company which delivers its unique TrustworthyAI™ that is accurate, consistent, verifiable and secure. “We are excited by the opportunity to work with Castellum and leverage their deep knowledge of...

 PRESS RELEASE

Castellum, Inc. Reports Record Quarterly Revenue, Improving Profitabil...

Castellum, Inc. Reports Record Quarterly Revenue, Improving Profitability, and Additional Debt Reduction with Q2 2025 Results VIENNA, Va., Aug. 08, 2025 (GLOBE NEWSWIRE) -- Castellum, Inc. (NYSE-American: CTM) ("Castellum" or the "Company"), a cybersecurity, electronic warfare, and software services company focused on the federal government, announces its financial results for the second quarter ended June 30, 2025, featuring record revenue, improved operating performance, record cash, and a meaningful eduction. Revenue for Q2 2025 totaled $14.0 million, a record quarter reflecting a 19....

 PRESS RELEASE

Castellum, Inc. Reduces Principal Balance by $2 Million on Note Payabl...

Castellum, Inc. Reduces Principal Balance by $2 Million on Note Payable to Robert Eisiminger 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 $2 million, leaving an aggregate principal balance owed of $2 million. "With this paydown, our total long-term debt is now less than $3 million, a remarkable change from where we were just one year ago. This move is ...

 PRESS RELEASE

Castellum, Inc. Publishes Letter to Shareholders

Castellum, Inc. Publishes Letter to Shareholders VIENNA, Va., July 14, 2025 (GLOBE NEWSWIRE) -- Castellum, Inc. (NYSE-American: CTM) (the “Company” and “Castellum”), a cybersecurity, electronic warfare, and software services and solutions company focused on the federal government, releases this letter to shareholders from Dear Fellow Shareholders: With this month marking the one-year anniversary of my time as your CEO, I thought it an opportune time to thank you sincerely for your support and confidence in., re-emphasize how incredibly honored I continue to be to have this opportunity ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch