Aeluma announces common stock offering, no amount given

Aeluma (ALMU) announced that it intends to offer and sell shares of its common stock in an underwritten public offering. 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. Craig-Hallum is acting as the sole book-running manager for the offering.