Aeluma Announces $50 Million At-the-Market Equity Program

Aeluma, Inc. (NASDAQ: ALMU), a semiconductor company specializing in photonic and electronic technologies, has established a $50 million at-the-market (ATM) equity program. The program, detailed in a sales agreement led by Roth Capital Partners, allows the company to sell shares of its common stock from time to time. Proceeds, if and when received, are expected to be used for general corporate purposes, including working capital and other liquidity needs.

The announcement underscores Aeluma’s strategy to secure flexible financing as it scales its proprietary platform that combines compound semiconductors with scalable manufacturing. The company targets mass-market microelectronics, enabling volume production and large-scale integration. Applications for its technology span mobile devices, artificial intelligence, defense and aerospace, robotics, automotive, augmented and virtual reality, and quantum computing.

Aeluma operates state-of-the-art research and development and manufacturing capabilities in Goleta, California, for semiconductor wafer production, quick-turn chip fabrication, rapid prototyping, and test and validation. It also partners with production-scale fabrication foundries, packaging, and integration companies to bring its technologies to market.

The ATM program provides Aeluma with the ability to raise capital incrementally, offering flexibility compared to traditional equity offerings. This approach can be particularly advantageous in volatile markets, allowing the company to time share sales based on market conditions and funding needs. The proceeds could support ongoing operations, research and development, and potential expansion efforts.

This move comes as the semiconductor industry faces increased demand for advanced components in emerging technologies. Aeluma’s focus on high-performance photonic and electronic devices positions it to capitalize on trends in AI, defense, and quantum computing. However, the dilutive effect of share sales may concern existing investors, as additional shares could reduce earnings per share.

The full announcement is available at https://ibn.fm/EAK0r. For more information about Aeluma, visit www.aeluma.com.

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