Aeluma Stock Plunges 23.2% Amid Public Offering

On March 28, 2025, Aeluma's stock experienced a significant drop of 23.2% in pre-market trading.

Aeluma, a semiconductor company, has recently announced its Nasdaq uplisting and the pricing of a $12 million public offering. The company is offering 2,285,714 shares of its common stock at $5.25 per share, aiming to raise approximately $12 million in gross proceeds. This offering is expected to close on March 28, 2025, subject to standard closing conditions.

The Nasdaq uplisting and the public offering are significant milestones for Aeluma, as they provide the company with additional capital to support its growth and expansion plans. The uplisting to Nasdaq is also expected to increase the company's visibility and attractiveness to investors, potentially leading to increased demand for its shares.

However, the market's reaction to the news has been mixed, with some investors expressing concerns about the company's valuation and the potential dilution of existing shares. The pre-market drop in Aeluma's stock price may reflect these concerns, as well as broader market volatility and uncertainty.