Castellum, Inc. (the "Company" or "Castellum") (NYSE-American: CTM) ($CTM), a cybersecurity, electronic warfare, and software services company focused on the federal government, announces that it has made its 34th consecutive monthly term loan payment to Live Oak Banking Company ("Live Oak"). Castellum has two remaining payments on an original 36-month term loan, taken out to support an August 2021 acquisition.

Castellum's total outstanding debt has been reduced to $10.6 million and will continue to decrease with scheduled principal payments on the Live Oak term loan and one other debt over the coming months so that total debt is scheduled to be below $10 million by year-end.