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Aeluma, Inc. (NASDAQ:ALMU) disclosed Friday that director Steven DenBaars has terminated a previously adopted Rule 10b5-1 trading plan without executing any sales of company stock. The information was provided in a statement based on a recent SEC filing. The news comes as the stock has shown remarkable momentum, gaining over 26% in the past week according to InvestingPro data.
According to the filing, Mr. DenBaars established the 10b5-1 plan on June 23, 2025, which would have allowed the sale of up to 130,000 shares of Aeluma’s common stock between October 6, 2025, and May 6, 2026. The plan outlined specific prices and formulas for the proposed sales.
On September 16, 2025, Mr. DenBaars ended the trading plan. The company stated that no shares were sold under the arrangement and no future sales will occur pursuant to the terminated plan.
Aeluma, Inc. is a semiconductor company based in Goleta, California, and incorporated in Delaware. Its common stock is listed on the Nasdaq Stock Market under the symbol ALMU. The company maintains strong financial health with a current ratio of 24.59 and tends to move counter to market trends with a beta of -1.7. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with 12 additional exclusive insights available to subscribers.
In other recent news, Aeluma, Inc. announced the pricing of its public offering, setting the price at $13 per share. The semiconductor company expects to generate approximately $22.1 million in gross proceeds from this offering. Aeluma has also provided underwriters with a 30-day option to purchase up to 255,000 additional shares at the offering price. The company had previously announced plans for this public offering, highlighting that the offering is subject to market conditions and involves no guarantees regarding completion or terms. Meanwhile, DDC Enterprises reported a revenue decline for the first half of 2025 during its recent earnings call. The company’s revenue totaled $15.6 million, reflecting a 9.4% decrease compared to the previous year. Despite the revenue dip, DDC Enterprises improved its gross profit and net income. However, the market’s response was negative, leading to a significant drop in the company’s stock price.
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