Aeluma (ALMU) Proxy Filing summary

Executive summary

• The annual meeting is scheduled for January 15, 2026, to be held virtually, with shareholders able to vote online or by proxy.

• Two key proposals are up for vote: election of Class I directors for a three-year term and ratification of the independent auditor for FY ending June 30, 2026.

• The company completed two public offerings in 2025, raising $13.8M and $25.4M, significantly strengthening its cash position and alleviating prior going concern doubts.

• Recent government contracts with NASA, DARPA, DOE, and the U.S. Navy have expanded the company’s R&D and commercialization pipeline.

• Revenue for the quarter ended September 30, 2025, was $1.4M, up 188% year-over-year, with a net loss of $1.5M due to increased R&D and scaling costs.

Voting matters and shareholder proposals

• Proposal 1: Elect Class I directors Steven P. DenBaars and John Paglia for a three-year term.

• Proposal 2: Approve, ratify, and confirm the re-appointment of Rose, Snyder & Jacobs LLP as independent auditors for FY 2026, and authorize the Board to fix their remuneration.

• The Board recommends voting “FOR” both proposals.

• No other matters are expected to be presented at the meeting.

Board of directors and corporate governance

• The board is divided into three classes with staggered three-year terms, which may delay or prevent a change in control.

• Four of five directors are independent; three standing committees: audit, compensation, and nominating/governance.

• Audit committee is fully independent; Mr. Paglia serves as chair and is an audit committee financial expert.

• Board meetings were held quarterly in FY 2025, with additional actions by unanimous written consent.