Castellum, Inc. (NYSEAM:CTM) entered into a non-binding letter of intent to acquire Global Technology And Management Resources, Inc. for $6.7 million on January 18, 2023. Castellum, Inc. agreed to acquire Global Technology And Management Resources, Inc. for $6.55 million on March 22, 2023. The transaction is immediately accretive on a revenue per share, recurring cash operating profit per share, and net income per share basis to Castellum.

Global Technologies Management Resources, Inc. is a $10 million revenue company. Jim Morton will join Castellum management. The deal is subject to customary due diligence and is expected to close in 90 days.

The transaction is immediately accretive on a revenue per share, recurring cash operating profit per share, and net income per share basis to Castellum.