GOLETA, Calif., Sept. 22, 2025 (GLOBE NEWSWIRE) -- Aeluma, Inc. (NASDAQ:ALMU) ("Aeluma" or "the Company"), a transformative semiconductor company specializing in high-performance and scalable technologies, today announced the closing of its previously announced underwritten public offering of 1,955,000 shares of its common stock at a public offering price of $13.00 per share, which includes 255,000 shares issued upon the exercise in full by the underwriters of their option to purchase additional shares of common stock in the offering. The gross proceeds to Aeluma from this offering were approximately $25.4 million, before deducting the underwriting discount and other offering expenses.

"We are pleased to announce the successful completion of our $25.4 million capital raise that reflects strong investor interest in Aeluma," said Jonathan Klamkin, Ph.D., Founder and CEO of Aeluma. "On a pro-forma basis, this brings our cash balance to $39.2 million as of June 30, 2025. As highlighted during our recent earnings call, the commercial potential across our target markets continues to exceed earlier expectations, and interest in our technology is at an all-time high. With a growing pipeline of opportunities, and a strengthened financial position, we are confident that we have the capital needed to execute our strategic initiatives and transition to commercialization, which we believe will create additional value for our shareholders."

Craig-Hallum acted as the sole book-running manager for the offering. The Benchmark Company, LLC acted as co-manager for the offering.

Aeluma expects to use the net proceeds of the offering ...