Aeluma (ALMU) Registration Filing summary

Company overview and business model

• Develops novel optoelectronic and electronic devices for sensing, communication, and computing, leveraging compound semiconductors on large-diameter substrates for scalable, cost-effective, high-performance photodetectors and arrays.

• Technology targets mobile, automotive, AI, defense, AR/VR, HPC, and quantum computing markets, aiming to disrupt traditional manufacturing and expand into mass markets.

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

• Maintains extensive patent protection and trade secrets for materials, manufacturing, and applications.

Financial performance and metrics

• Revenue for the six months ended Dec 31, 2024: $2.09M (up from $295K YoY); net loss: $3.62M.

• Revenue for the year ended June 30, 2024: $918K (up from $193K YoY); net loss: $4.56M.

• Cash and cash equivalents as of Dec 31, 2024: $3.06M; accumulated deficit: $17.25M.

• Company has a going concern qualification due to recurring losses and limited liquidity.

Use of proceeds and capital allocation

• Estimated net proceeds of $7.17M (at $5.75/share) to be used for business development expansion, advancing manufacturing for production, and working capital/general purposes.

• Management has broad discretion in application of proceeds, which may vary based on business needs.