other material
confidence high
sentiment positive
materiality 0.85
Aeluma closes $13.8M public offering, uplists to Nasdaq Capital Market
Aeluma, Inc.
- Offering of 2,628,571 shares at $5.25 per share; gross proceeds ~$13.8M, net ~$12.7M after expenses.
- Common stock uplisted to Nasdaq Capital Market and commenced trading March 27, 2025 under ticker ALMU.
- Underwriter over-allotment option fully exercised; Craig-Hallum Capital Group acted as sole underwriter.
- Net proceeds to be used for business development, manufacturing process advancement, and working capital.
- Officers and directors subject to a 90-day lock-up agreement restricting share sales.