Castellum, Inc. Set to Join Russell Microcap® Index
30 Maio 2023 - 7:45AM
Castellum, Inc. (the “Company”) (NYSE-American: CTM), a
cybersecurity and electronic warfare services company, today
announced that it is set to join the Russell Microcap® Index at the
conclusion of the 2023 Russell indexes annual reconstitution,
effective after the U.S. market closes on June 23, 2023, according
to a preliminary list of additions posted May 26, 2023 (See
https://content.ftserussell.com/sites/default/files/rmicro_additions_20230526.pdf).
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. FTSE Russell 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
Mark Fuller, President and CEO of Castellum. “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:
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 "Russell Reconstitution" section on the FTSE Russell website.
For more information, visit www.ftserussell.com.
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
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.
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: lisa@skylineccg.com; info@castellumus.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/8d31ec70-1873-4eda-906e-b70c1d0569d1
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