Castellum, Inc. Announces $950,000 New Revolving Credit Facility from Live Oak Bank

Apr 4th, 2022 9:01 EST

potomac md april 04 2022 globe newswire castellum inc otc onov announces that it has secured a new $950 000 revolving accounts receivable based credit facility from live oak bank we are pleased to have finalized this revolving credit facility with live oak said mark fuller president and ceo of castellum it gives us greater financial flexibility for closing small acquisitions supporting our planned up listing or other projects which add value to the company at live oak bank our goal is to treat every client like the only client said daniel aronson vice president of live oak bank because live oak s lending teams are aligned by industry we can quickly understand the strength of castellum which allows us to allocate capital to fund castellum s growth properly castellum has a strong management team to properly weigh the cost of capital utilizing both debt and equity to grow the company strategically mr aronson added castellum s management team has a deep understanding of the company and therefore they can communicate effectively to the bank the company s financial needs based on historical and projected growth we look forward to growing with castellum and expanding our relationship about castellum inc    castellum inc otc onov  is a defense oriented technology company that is executing strategic acquisitions in the cyber security information technology and software information warfare and electronic warfare and engineering services space http castellumus com      forward looking statements    this release contains forward looking statements within section 27a of the securities act of 1933 as amended and section 21e of the securities exchange act of 1934 as amended 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 in evaluating such statements prospective investors should carefully review various risks and uncertainties identified in this release and matters disclosed at www otcmarkets com these risks and uncertainties could cause the company s actual results to differ materially from those indicated in the forward looking statements   for the potential acquisition announced today there is a risk that the loi does not translate into a closed transaction contact   mark fuller ceo  [email protected] com  301 961 4895  a photo accompanying this announcement is available at https www globenewswire com newsroom attachmentng e8cdfb7a 8064 4267 8796 ca04e91746e8 castellum inc announces $950 000 new revolving credit facility from live oak bank castellum inc otc onov announces that it has secured a new $950 000 revolving accounts receivable based credit facility from live oak bank http castellumus com

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