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Stock impact report

Castellum, Inc. Continues to Reduce Debt [Yahoo! Finance]

Live Oak Bancshares, Inc. (LOB) 
Last live oak bancshares, inc. earnings: 4/22 04:45 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.liveoakbank.com
Company Research Source: Yahoo! Finance
cybersecurity, electronic warfare, and software services company focused on the federal government, announces that it has made its 34 th 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. "Deleveraging our balance sheet by steadily reducing debt gives us more resources to support our mission customers, empower employee development, invest in organic growth, and, ultimately, provide a greater return to our shareholders," said Glen Ives , who will become Castellum's CEO on July 1, 2024 . "We value our relationship with Live Oak Bank and will continue to maintain a revol Show less Read more
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