CTM News

Three SPACs began trading this past week, joined by one micro-cap, though it was too small to be included in our IPO stats. Two small IPOs submitting initial filings. The biggest news came from the pipeline, as gene editing biotech Prime Medicine (PRME) launched its $151 million IPO. It is expected to list on the Nasdaq in the week ahead. The week’s blank...read more

Castellum, which provides technology services primarily to government agencies, raised $3 million by offering 1.5 million shares (10% secondary) at $2, the low end of the downwardly revised range of $2 to $3. The company originally planned to offer 3.2 million shares (16% secondary) at $3 to $5, before revising the terms on Monday. ...read more

Castellum, which provides technology services primarily to government agencies, lowered the proposed deal size for its upcoming IPO on Tuesday. The company is currently listed on the OTC under the symbol "ONOV". The Bethesda, MD-based company now plans to raise $4 million by offering 1.5 million shares (10% secondary) at a price range of $2 to $3. The company had previously...read more

The October IPO market is expected to remain quiet, with just a handful of small deals on the calendar for the week ahead. Beamr (BMR), an Israeli video encoding and image optimization software provider, plans to raise $15 million at a $73 million market cap. The company currently licenses three core video and image compression, and counts streaming platforms...read more