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FAQ: Aeluma's $50 Million At-the-Market Equity Program
Aeluma (NASDAQ: ALMU) has established a $50 million at-the-market equity program led by Roth Capital Partners, allowing the company to sell shares over time for general corporate purposes including working capital.
The program allows Aeluma to sell shares of its common stock from time to time, with proceeds intended for general corporate purposes, including working capital and other liquidity needs.
The sales agreement is led by Roth Capital Partners.
Aeluma is a semiconductor company specializing in high-performance photonic and electronic technologies, combining compound semiconductors with scalable manufacturing for mass-market applications.
Applications include mobile, AI, defense and aerospace, robotics, automotive, AR/VR, and quantum technologies.
Aeluma is headquartered in Goleta, California, and operates R&D and manufacturing capabilities for semiconductor wafer production, chip fabrication, prototyping, and testing.
The announcement was made in the press release referenced in the article, but the specific date is not provided in the given content.