Castellum Announces $6.0 Million Share Repurchase Program
Castellum's Board of Directors authorized a share repurchase program of up to $6.0 million of common stock over the next 12 months, effective November 12, 2026. The company plans to fund repurchases from available cash, which totaled $15.7 million as of September 30, 2026, and noted it carries no debt. CEO Glen Ives said the authorization reflects the Board's confidence in the business and that the current share price does not fully reflect the company's progress, while continuing to invest in organic growth and strategic acquisitions.
Key figures
- Debt
- no debt
- Cash on hand
- $15.7 million as of September 30, 2026
- Buyback duration
- 12 months
- Buyback authorization
- $6.0 million
AI analysis
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