** Cybersecurity firm Castellum's shares CTM.A plunge as much as 20.3%; last down 13.6% at $1.02
** CTM late Sunday priced its public offering of 4.5 million units at $1 each for gross proceeds of $4.5 million
** Offering priced at 15.3% discount to stock's last close
** Each unit consists of one share and warrant
** Warrants can be immediately exercised at $1.08 per share and expire 60 days from the date of issuance
** Maxim Group was the sole placement agent for the offering
** CTM plans on using the proceeds for working capital and general purposes
** Stock down 49% YTD after 571% jump in 2024
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com))
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