By Connor Hart
Shares of Aeluma rose after the company said it has been awarded more than $4 million in contracts for quantum materials and lasers.
The stock climbed 23%, to $13.24, in premarket trading Monday. Shares have lost more than a third of their value so far this year through Friday's close, despite being up nearly 75% over the past 52 weeks.
The company said before the bell that the contracts from the U.S. government will directly support its commercialization strategy, while also deepening relationships with government stakeholders and manufacturing partners.
The funds will be used in part to accelerate scaling Aeluma's semiconductor heterogeneous integration platform for quantum and high-speed datacom applications, it said.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
April 13, 2026 09:23 ET (13:23 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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