Aeluma closes initial $1.55M private placement of common stock at $3.00/share

Aeluma, Inc.

Gross proceeds of $1.551 million from sale of 517,000 shares at $3.00 per share to 21 accredited investors.
Cash placement agent fee of $101,030 plus warrants to purchase up to 29,067 shares at $3.00 per share.
Company to register the common shares under a Registration Rights Agreement with investors.
Offering exempt from registration under Section 4(a)(2) and Rule 506 of Regulation D.
Proceeds expected to support working capital and general corporate purposes.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Aeluma, Inc. entered into Subscription Agreement with 21 accredited investors valued at $1,551,000 (effective 2022-12-22).

Action: entry
Agreement: equity purchase
Counterparty: 21 accredited investors
Value: $1,551,000
Effective: 2022-12-22

Exact text from the filing

On December 22, 2022, we entered into subscription agreements (the “Subscription Agreement”) with 21 accredited investors (“Investors”), pursuant to which the Investors purchased an aggregate of 517,000 shares of our common stock, par value $0.0001 per share at a per share purchase price of $3.00, for aggregate gross proceeds of $1,551,000 (the “Offering”).

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Aeluma, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-22-082369

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