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GOLETA, CA - Aeluma, Inc., a semiconductor company known for its scalable technologies, has announced the pricing of its underwritten public offering of 2,285,714 shares of common stock at $5.25 each. The offering from the $74.75 million market cap company, expected to close on March 28, 2025, subject to standard closing conditions, is anticipated to generate approximately $12 million in gross proceeds before deductions for offering expenses and underwriting discounts and commissions. According to InvestingPro data, the stock has delivered an impressive 132.82% return over the past year, significantly outperforming broader market indices.
The company, which specializes in high-performance semiconductors for various sectors including mobile, automotive, AI, defense, aerospace, and quantum computing, intends to allocate the net proceeds toward business development expansion, manufacturing advancements, and general corporate purposes. The company maintains a strong financial position with a current ratio of 9.27, indicating robust liquidity. Additionally, Aeluma has granted the underwriter, Craig-Hallum, a 30-day option to buy up to 342,857 additional shares. Want deeper insights into Aeluma’s financial health? InvestingPro subscribers have access to over 30 additional financial metrics and exclusive analysis.
Aeluma’s common stock has been approved for listing on the Nasdaq Capital Market and is expected to start trading today under the ticker symbol "ALMU". The company’s shareholders are not required to act on this uplisting.
Aeluma’s entry into the Nasdaq marks a significant milestone for the company, expanding its visibility and potential investor base. The company’s technology, which enables the manufacturing of semiconductor chips using high-performance compound semiconductor materials on large-diameter substrates, aims to enhance performance and scalability for emerging applications.
This press release contains forward-looking statements regarding Aeluma’s market position, product development plans, and partnerships. However, these statements are based on current expectations and projections and are subject to risks and uncertainties, which could cause actual outcomes to differ materially.
The offering is made through a prospectus, copies of which will be available from Craig-Hallum Capital Group and on the SEC’s website. The registration statement for these securities was declared effective by the SEC on March 25, 2025.
This news article is based on a press release statement and contains no endorsements of claims. It presents a balanced view without speculating on broader industry impacts or trends.
In other recent news, Aeluma, Inc. announced the appointment of Mike Byron, a former executive from NVIDIA, to its Board of Directors. Byron brings over thirty years of experience in semiconductor finance and operations, having previously served as Vice President of Finance Operations & Systems at NVIDIA. His expertise is expected to support Aeluma as it aims to scale its technologies for key markets such as AI and quantum computing. The company is known for its innovative optoelectronics and semiconductor chips, which utilize high-performance materials and scalable silicon manufacturing. Aeluma has also formed strategic partnerships with major U.S. entities like NASA, the Department of Defense, and the Department of Energy. These collaborations are intended to strengthen its position in the semiconductor industry. Jonathan Klamkin, Aeluma’s CEO, highlighted that Byron’s addition is timely as the company seeks to expand its technology adoption in strategic sectors. Byron expressed his enthusiasm for joining Aeluma, citing the company’s innovative approach to semiconductor solutions.
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