Aeluma, a semiconductor company focused on optoelectronic and electronic devices, raised $12 million by offering 2.3 million shares at $5.25, the low end of the range of $5.25 to $6.25. The company offered 0.5 million more shares than anticipated. It had previously been listed on the OTC.
Aeluma is a semiconductor company focused on developing novel optoelectronic and electronic devices for various applications, including mobile, automotive, AI, defense & aerospace, communication, AR/VR, HPC, and quantum computing. The company has pioneered a technique to produce semiconductor materials and chips using high-performance compound semiconductors on large diameter substrates that are commonly used to manufacture mass market microelectronics. Its customer engagements involve development of wafers, delivery of engineering samples for evaluation, delivery of small volumes of chips, and development contracts.
Aeluma plans to list on the Nasdaq under the symbol ALMU. Craig-Hallum Capital Group acted as sole bookrunner on the deal.
