08:35 AM EDT, 09/18/2025 (MT Newswires) -- Aeluma ( ALMU ) said Thursday it has priced its underwritten public offering of 1.7 million common shares at $13 per share for expected gross proceeds of about $22.1 million.

The semiconductor company said it granted the underwriters a 30-day option to buy up to 255,000 more shares at the public offering price.

Aeluma ( ALMU ) said it expects to close the offering on or about Friday and to use its proceeds to expand business development efforts, advance manufacturing processes, and for working capital and general business purposes.

The company's shares were down 9.5% in recent Thursday premarket activity.