Aeluma Stock Soars 12.9% on Nasdaq Uplisting

Aeluma's stock price rose 12.9% in pre-market trading on March 28, 2025, reflecting significant investor interest and optimism surrounding the company's recent developments.

Aeluma, a semiconductor company specializing in high-performance, scalable technologies, has announced its uplisting to the Nasdaq Capital Market. This move is expected to enhance the company's visibility and liquidity, potentially attracting a broader range of investors. The uplisting follows a successful public offering of 2,285,714 shares of common stock at $5.25 per share, raising approximately $12 million in gross proceeds. The funds will be used to expand business development efforts, advance manufacturing processes, and support general business purposes.

The company has also granted the underwriter a 30-day option to purchase up to 342,857 additional shares, further demonstrating the strong demand for Aeluma's stock. The uplisting to Nasdaq is a significant milestone for Aeluma, as it transitions from the OTCQB market to a more prestigious exchange. This move is expected to provide the company with greater access to capital and a larger investor base, which could drive future growth and innovation.