Aeluma (ALMU) Registration Filing summary

Company overview and business model

• Develops advanced optoelectronic and electronic devices for sensing, communication, and computing, leveraging proprietary semiconductor manufacturing on large substrates for cost-effective, high-performance photodetectors and arrays.

• Technology targets mass-market applications including mobile, automotive, AI, defense, AR/VR, HPC, and quantum computing, with scalable and protected IP portfolio.

• Operates a 9,000 sq. ft. R&D/manufacturing facility in Goleta, CA, with partnerships for volume fabrication and packaging.

• Corporate structure includes a reverse merger with Biond Photonics in 2021, with historical financials reflecting the acquired business.

Financial performance and metrics

• Recent public offering in March 2025 raised gross proceeds of $13.8 million ($12.7 million net), supporting business development, manufacturing, and working capital.

• As of July 31, 2025, market value of public float held by non-affiliates was $331.9 million, with a closing share price of $24.03 and 15,881,215 shares outstanding.

• Company is unprofitable and expects continued losses in the foreseeable future.

Use of proceeds and capital allocation

• Proceeds from securities sales will be used for general corporate purposes, including working capital, potential debt repayment, and possible acquisitions or investments in complementary businesses or technologies.

• Management retains broad discretion over allocation based on business needs and market conditions.