debt
confidence high
sentiment neutral
materiality 0.60
Aeluma closes $1.8M convertible note offering; notes mature June 2026
Aeluma, Inc.
- Initial closing with five accredited investors for $1,800,000 aggregate principal.
- Notes bear zero interest, mature June 30, 2026, convertible at floor $2.68 or ceiling $3.50 per share.
- Company may hold additional closings up to $4,000,000 total; no minimum offering amount.
- Proceeds used for working capital, technology and business development.
- Piggyback registration rights granted for shares underlying the notes.