Aeluma, Inc. announced that it has received $6.0525 million in funding
May 10, 2023
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On May 10, 2023, Aeluma, Inc. closed the transaction. The company has issued 6,052,497 common shares for gross proceeds of $6,052,500 in the transaction.
On the same date, the company issued 570,166 common shares at an issue price of $3.000003 for gross proceeds of $1,710,500 in its fourth and final tranche closing. The company paid a cash placement agent fee in the amount of $136,840 and will issue placement agent warrants to purchase up to 44,933 common shares at an exercise price of $3.00 per share.
Aeluma, Inc. develops optoelectronic devices for sensing and communications applications. The Company is engaged in the research and development of infrared (IR) optical sensors to disrupt the market for IR sensors. This enables the manufacturing of high-performance photodetector array circuits for imaging applications in mobile devices. These devices may be used as image sensors that generate an image by detecting light, in a manner similar to a digital camera taking pictures. Its devices may incorporate additional functionality for three-dimensional (3D) image capture when integrated into various system architectures. This technology can enhance the performance and capability of camera image sensors, LiDAR, AR/VR, facial recognition and other applications. Its potential markets include automotive LiDAR, industrial LiDAR, robotics, mobile, communications, defense and aerospace.
AELUMA, INC. 
