{"id":765847,"date":"2023-06-26T06:49:54","date_gmt":"2023-06-26T10:49:54","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/castellum-inc-formally-joins-russell-microcap-index-comments-on-recent-stock-trading-volume\/"},"modified":"2023-06-26T06:49:54","modified_gmt":"2023-06-26T10:49:54","slug":"castellum-inc-formally-joins-russell-microcap-index-comments-on-recent-stock-trading-volume","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/castellum-inc-formally-joins-russell-microcap-index-comments-on-recent-stock-trading-volume\/","title":{"rendered":"Castellum, Inc. Formally Joins Russell Microcap Index; Comments on Recent Stock Trading Volume"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">BETHESDA, Md., June  26, 2023  (GLOBE NEWSWIRE) &#8212; Castellum, Inc. (the \u201cCompany\u201d) (NYSE-American: CTM), a cybersecurity and electronic warfare services company focused on the federal government, is pleased to announce that it has officially joined the <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Daw07cTcKYU6fVDGwbecoDjmLtPHmKrTuDskay7J2Y_PU7eVkXZ88-LiTaAi0H0FMq7q7EYRUBmX6xZbN2GUKdmk8pQHfOclpyrpijQd-ul47iAvvDFa9rYMqGEjOkvt0lg2gQN5OQ0tRXOhFuMtHJBOYFrB5unaMXgvUPR8yieRJ64BJWUY9VEytfUcGVlZ\" rel=\"nofollow noopener\" target=\"_blank\"><u>Russell Microcap Index,<\/u><\/a> effective as of the end of trading on June 23, 2023.<\/p>\n<p align=\"start\">\u201cJoining the Russell Microcap Index is a key milestone for <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=X6kfqDdhi6CA0Gvooj2-bLeBONTpXnAkCmCq-wfadNeVXDeMV4v4zXm83VZ4PG-4YScsauCmTTklDG0kfaxw0w==\" rel=\"nofollow noopener\" target=\"_blank\"><u>Castellum<\/u><\/a>,\u201d said <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=IyvMmKR6QetGywVTv5zCtvePrhX91z-ic4IUfx-krvSCX9VAyekIFUZf_2gOjAu94DJee2dGBhu4Uyt_LzDrf5AkA32Sj0LcL_645_MqqNI=\" rel=\"nofollow noopener\" target=\"_blank\"><u>Mark Fuller<\/u><\/a>, President, and Chief Executive Officer of Castellum. \u201cIt reflects significant progress in our Company over the past four years where we went from an OTC company with no revenue to a $50 million listed company with a growing base of institutional and high net worth retail investors. The next step for us would be to qualify for the Russell 2000 which requires that we continue to grow the Company both organically and through acquisition. We are shooting to do just that in the next year or two.\u201d<\/p>\n<p align=\"start\">Castellum also notes that over 10 million shares of its common stock traded on Friday, June 23, 2023. \u201cWe are pleased that our cost reduction and growth story appears to have resonated with our existing and some new stockholders and has translated into greater interest in our stock,\u201d said Mr. Fuller. \u201cFriday\u2019s activity represents record trading volume for Castellum and helps provide our stockholders with greater liquidity for their holdings. With about 14 million shares in our public float, Friday\u2019s trading represented over 70% of our public float. We will continue to spend time over the coming weeks and months meeting with current and prospective shareholders to tell the Castellum story and encourage people to join us as larger shareholders of the Company.\u201d<\/p>\n<p align=\"start\">\n        <strong><br \/>\n          <u>Cautionary Statement Concerning Forward-Looking Statements<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"start\">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\u2019s expectations or beliefs concerning future events and can generally be identified by the use of statements that include words such as \u201cestimate,\u201d \u201cproject,\u201d \u201cbelieve,\u201d \u201canticipate,\u201d \u201cshooting to,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cforesee,\u201d \u201clikely,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cappears,\u201d \u201cgoal,\u201d \u201ctarget\u201d or similar words or phrases. Forward-looking statements include, but are not limited to, statements regarding the Company\u2019s expectations for revenue growth and new customer opportunities, improvements to cost structure, profitability, and the ability for the Company to attract additional investors of its common stock. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of the Company\u2019s 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\u2019s 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 to finance and close those additional acquisitions; the impact on the Company\u2019s revenue due to the delay in the U.S. Congress approving a federal budget and the Company\u2019s ability to maintain the listing of its common stock on the NYSE American LLC. For a more detailed description of these and other risk factors, please refer to the Company\u2019s Quarterly Reports filed on Form 10-Q and Annual Report on Form 10-K and other filings with the Securities and Exchange Commission (\u201cSEC\u201d) which can be viewed at www.sec.gov. 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.<\/p>\n<p align=\"start\">\n        <strong>Contact:<\/strong>\n      <\/p>\n<p align=\"start\">Skyline Corporate Communications Group, LLC <br \/> Lisa Gray, Senior Account Manager <br \/> One Rockefeller Plaza, 11<sup>th<\/sup>\u00a0Floor <br \/> New York, NY 10020 <br \/> Office: 646.893.5835 x1 <br \/> Email:\u00a0<u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bOycXxd9V3Eey5FVwv-qgZTwacabblV_zBTwYyEO5yJKpIUJ5g6nao5lXJa0JtfUFOB85v4wFKutxdhndod_L0LH9AtHC5H5_LJU4-KMKIw=\" rel=\"nofollow noopener\" target=\"_blank\">lisa@skylineccg.com<\/a><\/u>;\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vAFLQVK9b8DcNyfxJp6hgDbVRzPSGmVz7SHxuz15UMeE3ywO-Ft7xFan6VR-QsJ9RkPwhJwB5MnWUS_dbJZTEHpWdoxZhNLzvspd5E5Odvg=\" rel=\"nofollow noopener\" target=\"_blank\"><u>info@castellumus.co<\/u>m<\/a><\/p>\n<p>A photo accompanying this announcement is available at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1Gls6XHuJld16cUJShl8ed2V7kqW_pRO37kT2AnUXyaU3wfM8yWaZq5d4FU4q0XTMOG86Eq3t8oLEsms1wJzpmzsMcpn9KRDOX3UqWeHzzZWaS1-JUk7SGO0hU8kWg41gd-paHA95ywgaUhFuBy_5pNdnKgjJhjqiBrIo5C8xj0rYlF_eeXBXhsTwG1nSe16gCRWwMC8HlJwT_8GgXhE4o8kPpiGKIrxfi6lIxRmeyAvyIbD7SDNQ6kw-PLFNELoNjD-IeQ3JyN1tH7rI211ng==\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/9b160807-ad11-44d8-ba44-979ea3d9f5d9<\/a><\/p>\n<p align=\"start\">\n        \n      <\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg2NDA1MSM1NjYzNjMyIzUwMDA2NjY5NQ==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MTYwMjUyZjctM2ZiMS00ZjdhLWEyODYtYzFkNDA1YTIzYjA2LTUwMDA2NjY5NQ==\/tiny\/Castellum-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BETHESDA, Md., June 26, 2023 (GLOBE NEWSWIRE) &#8212; Castellum, Inc. (the \u201cCompany\u201d) (NYSE-American: CTM), a cybersecurity and electronic warfare services company focused on the federal government, is pleased to announce that it has officially joined the Russell Microcap Index, effective as of the end of trading on June 23, 2023. \u201cJoining the Russell Microcap Index is a key milestone for Castellum,\u201d said Mark Fuller, President, and Chief Executive Officer of Castellum. \u201cIt reflects significant progress in our Company over the past four years where we went from an OTC company with no revenue to a $50 million listed company with a growing base of institutional and high net worth retail investors. The next step for us would be to qualify &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/castellum-inc-formally-joins-russell-microcap-index-comments-on-recent-stock-trading-volume\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Castellum, Inc. Formally Joins Russell Microcap Index; Comments on Recent Stock Trading Volume&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-765847","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Castellum, Inc. Formally Joins Russell Microcap Index; Comments on Recent Stock Trading Volume - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/castellum-inc-formally-joins-russell-microcap-index-comments-on-recent-stock-trading-volume\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Castellum, Inc. Formally Joins Russell Microcap Index; Comments on Recent Stock Trading Volume - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BETHESDA, Md., June 26, 2023 (GLOBE NEWSWIRE) &#8212; Castellum, Inc. (the \u201cCompany\u201d) (NYSE-American: CTM), a cybersecurity and electronic warfare services company focused on the federal government, is pleased to announce that it has officially joined the Russell Microcap Index, effective as of the end of trading on June 23, 2023. \u201cJoining the Russell Microcap Index is a key milestone for Castellum,\u201d said Mark Fuller, President, and Chief Executive Officer of Castellum. \u201cIt reflects significant progress in our Company over the past four years where we went from an OTC company with no revenue to a $50 million listed company with a growing base of institutional and high net worth retail investors. The next step for us would be to qualify &hellip; Continue reading &quot;Castellum, Inc. 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Formally Joins Russell Microcap Index; Comments on Recent Stock Trading Volume\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/castellum-inc-formally-joins-russell-microcap-index-comments-on-recent-stock-trading-volume\/","og_site_name":"Market Newsdesk","article_published_time":"2023-06-26T10:49:54+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg2NDA1MSM1NjYzNjMyIzUwMDA2NjY5NQ==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/castellum-inc-formally-joins-russell-microcap-index-comments-on-recent-stock-trading-volume\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/castellum-inc-formally-joins-russell-microcap-index-comments-on-recent-stock-trading-volume\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Castellum, Inc. 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