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Castellum Announces $6.0 Million Share Repurchase Program

  • Castellum, Inc.'s Board of Directors authorized a share repurchase program of up to $6.0 million for common stock over the next 12 months, effective November 12, 2026.
  • The company intends to fund these repurchases using available cash totaling $15.7 million as of September 30, 2026.
  • CEO Glen Ives stated the authorization reflects confidence in the business, noting the current share price does not fully reflect recent progress or future opportunities.
  • Castellum plans to utilize open-market purchases, privately negotiated transactions, or other legally permissible methods, including Rule 10b5-1 trading plans.
  • The program does not obligate the company to repurchase any specific number of shares \& may be modified, suspended, or discontinued at any time.
  • Castellum operates as a defense tech services provider offering cybersecurity, software development, systems engineering, \& AI/ML services to U.S. government clients.
  • The company maintains a strong balance sheet with no debt to support ongoing organic growth \& strategic acquisitions.
Company
Castellum Inc.
Keywords
NYSE:CTM, Castellum Inc.