Aeluma (ALMU) Registration Filing summary

Company overview and business model

• Develops novel optoelectronic and electronic devices for sensing, communication, and computing applications using high-performance compound semiconductors on large diameter substrates for cost-effective mass manufacturing.

• Technology targets mobile, automotive, AI, defense, aerospace, AR/VR, HPC, and quantum computing markets, aiming for scalable, high-performance solutions.

• Operates a 9,000 sq. ft. R&D/manufacturing facility in Goleta, CA, with unique equipment for scalable manufacturing and partnerships with foundries and packaging companies.

• Maintains extensive patent protection and trade secrets related to materials, manufacturing technology, and applications.

• Corporate structure includes a reverse merger with Biond Photonics in 2021, with historical financials replaced by Biond Photonics' pre-merger statements.

Financial performance and metrics

• As of August 5, 2025, aggregate market value of voting and non-voting common equity held by non-affiliates was $294,760,073, with a closing price of $21.34 per share.

• Recent public offering in March 2025 raised gross proceeds of approximately $13.8 million, with net proceeds of $12.7 million after expenses.

• 15,881,215 shares of common stock issued and outstanding as of the prospectus date.

• Outstanding options and warrants total 1,564,928 and 540,079, respectively.

Use of proceeds and capital allocation

• Net proceeds from securities sales intended for general corporate purposes, including working capital, potential debt repayment, and possible acquisitions or investments in complementary products, technologies, or businesses.

• Management has broad discretion over use of proceeds, with allocation dependent on sales, marketing, R&D, and regulatory needs.

• Recent offering proceeds targeted for business development, manufacturing process advancement, commercialization, and general business purposes.