BUZZ-Aeluma falls after discounted stock offering
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Shares of semiconductor company Aelumafall 12% to $15ALMU announces offering of 1.7 mln shares at $13 per shareOffering priced at almost 24% discount to stock’s last closing price of $17.05ALMU intends to use proceeds to support business development, enhance manufacturing processes and cover general corporate expensesCraig-Hallum is acting as sole book-running manager for offering, The Benchmark Company is acting as co-managerAs of last close, ALMU has nearly 16 mln shares outstanding, with market cap of $271 mln - to data compiled by LSEGIncluding session’s moves, stock up more than 96% YTD
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