Castellum has completed its acquisition of government contractor Global Technologies Management Resources. The deal, structured as a tax-free reorganization under Section 368 of the Internal Revenue Code, is considered a significant transaction under Securities and Exchange Commission Rule 3-05 of Regulation S-X. Consequently, Castellum has begun an audit of GTMR’s 2022 financials, a process expected to be completed in 60 days.
Additional details regarding the transaction will be contained in the Form 8-K to be filed in the coming days, Castellum said.
Mark Fuller, president and CEO of Castellum, expressed his enthusiasm for the acquisition, stating that it adds what he described as “significant new capability” to his company, is immediately accretive to shareholders, and provides access to a new prime contract vehicle.