Callan JMB Inc. Common Stock

Callan JMB Inc. and Alabama State University have announced a strategic partnership to advance workforce development, applied research, and pharmaceutical innovation at the Atlas Complex in Marion, Alabama. The collaboration will focus on student internships, faculty-led research, and academic programs in areas such as pharmaceutical manufacturing, biotechnology, quality assurance, healthcare logistics, and supply chain management. Atlas Complex is a planned 150-acre pharmaceutical and medical logistics campus designed to support a manufacturing ecosystem that Callan JMB projects could generate more than $430 million in annual revenue at maturity. The partnership aims to create an integrated environment where higher education and private industry work together to strengthen domestic pharmaceutical supply chains and accelerate onshoring. Alabama State University, founded in Marion in 1867, will provide students and researchers with direct collaboration opportunities alongside companies operating at the campus.