By Jorge Mercado Monday, September 22nd, 2025

Goleta-based Aeluma, a semiconductor company, announced that it has closed its public offering round, generating gross proceeds of $25.4 million, before deducting the underwriting discount and other offering expenses.

According to the press release, the underwritten public offering included 1.9 million shares of its common stock at a public offering price of $13 per share. 

Aeluma expects to use the net proceeds of the offering for expanding business development efforts, advancing manufacturing processes to support commercialization traction, and working capital and general business purposes, the company said in a press release.

“We are pleased to announce the successful completion of our $25.4 million capital raise that reflects strong investor interest in Aeluma,” said Jonathan Klamkin, founder and CEO of Aeluma. “With a growing pipeline of opportunities, and a strengthened financial position, we are confident that we have the capital needed to execute our strategic initiatives and transition to commercialization, which we believe will create additional value for our shareholders.”

Klamkin said the company’s cash balance is at $39.2 million.

Craig-Hallum acted as the sole book-running manager for the offering. The Benchmark Company, LLC acted as co-manager for the offering.