Aeluma Announces Closing of Oversubscribed Public Offering with $25.4 Million Gross Proceeds

Core Viewpoint - Aeluma, Inc. successfully completed a public offering, raising approximately $25.4 million, which strengthens its financial position and supports its strategic initiatives towards commercialization [1][2]. Financial Highlights - The public offering consisted of 1,955,000 shares at a price of $13.00 per share, including 255,000 shares from underwriters' option [1]. - The gross proceeds from the offering were approximately $25.4 million before expenses [1]. - Following the offering, Aeluma's cash balance is projected to be $39.2 million as of June 30, 2025 [2]. Strategic Initiatives - The net proceeds from the offering will be utilized for expanding business development, advancing manufacturing processes, and general working capital [3]. - Aeluma's CEO highlighted the commercial potential across target markets, indicating that interest in their technology is at an all-time high [2]. Company Overview - Aeluma specializes in high-performance photonic and electronic technologies, focusing on scalable manufacturing for mass market microelectronics [5]. - The company's technology has applications in various sectors, including mobile, AI, defense, aerospace, robotics, automotive, AR/VR, and quantum [5]. - Aeluma operates advanced R&D and manufacturing capabilities for semiconductor wafer production and rapid prototyping [5].