Aeluma Establishes $50 Million At-the-Market Equity Program to Fund Growth and Operations

Aeluma, Inc. (NASDAQ: ALMU) has established a $50 million at-the-market equity program under a sales agreement led by Roth Capital Partners. The program allows the company to sell shares of its common stock from time to time, with proceeds expected to be used for general corporate purposes, including working capital and other liquidity needs.

The at-the-market equity program provides Aeluma with financial flexibility to support its operations and growth initiatives. Aeluma specializes in high-performance photonic and electronic technologies, combining compound semiconductors with scalable manufacturing used for mass-market microelectronics. This approach enables volume production and large-scale integration for applications including mobile, AI, defense and aerospace, robotics, automotive, AR/VR, and quantum.

Headquartered in Goleta, California, Aeluma operates state-of-the-art R&D and manufacturing capabilities for semiconductor wafer production, quick-turn chip fabrication, rapid prototyping, test and validation. The company also partners with production-scale fabrication foundries, packaging, and integration companies to extend its reach.

The establishment of this equity program comes at a time when semiconductor companies are seeking capital to fund innovation and meet growing demand across multiple sectors. Aeluma's technology platform is positioned to address markets such as AI and defense, which require advanced photonic and electronic solutions.

Roth Capital Partners is acting as the sales agent for the ATM program. The program allows Aeluma to access capital as needed, providing a strategic tool for managing liquidity without the constraints of a traditional equity offering. For more information, visit the company's website at www.aeluma.com.

The full announcement is available at https://ibn.fm/EAK0r.