Aeluma Added to Membership of Russell 3000 Index

Rhea-AI Summary

Aeluma (NASDAQ:ALMU), a semiconductor company focused on advanced technologies for multiple high-growth sectors, has been added to the Russell 3000® Index effective June 30, 2025. This inclusion follows their recent oversubscribed equity offering and NASDAQ uplist, automatically placing them in either the Russell 1000® or Russell 2000® Index.

The Russell indexes, which benchmark approximately $10.6 trillion in assets, are widely used by investment managers and institutional investors. The reconstitution captures the 4,000 largest US stocks based on market capitalization as of April 30, with membership lasting one year.

Positive

• Inclusion in the Russell 3000® Index increases visibility and potential institutional investment
• Recent successful oversubscribed equity offering demonstrates market confidence
• Successful uplist to NASDAQ indicates company growth and maturity
• Exposure to multiple high-growth markets including AI, defense, automotive, and quantum computing

Negative

• None.

Insights

Investment Strategist

Aeluma's Russell 3000 inclusion signals institutional recognition, increasing passive fund inflows and visibility for this semiconductor growth story.

Aeluma's addition to the Russell 3000 Index represents a significant milestone in the company's public market journey. This inclusion follows their recent NASDAQ uplist and oversubscribed equity offering, creating a trifecta of positive market developments that substantially elevates their visibility among institutional investors.

The practical implications are substantial. With approximately $10.6 trillion in assets benchmarked against Russell indexes, Aeluma will experience automatic buying pressure from passive funds and ETFs that track these indexes. This generally improves trading liquidity, reduces volatility, and creates a more stable shareholder base.

Beyond the immediate technical benefits, inclusion signals that Aeluma has achieved the market capitalization and liquidity requirements necessary for index membership. The Russell 3000 captures the 4,000 largest US stocks based on market capitalization, meaning Aeluma has reached a significant size threshold relative to the broader market.

The timing aligns with the annual Russell reconstitution process, with Aeluma's membership becoming effective June 30th. Importantly, this inclusion also guarantees placement in either the Russell 1000 (large-cap) or Russell 2000 (small-cap) indexes, further expanding their exposure to specialized investment products.

While index inclusion doesn't directly impact fundamental business performance, it does validate Aeluma's progress in building market credibility while operating in multiple high-growth semiconductor segments including mobile, AI, defense, automotive, and quantum computing markets.

GOLETA, CA / ACCESS Newswire / June 25, 2025 / Aeluma, Inc. (NASDAQ:ALMU), a semiconductor company specializing in high-performance, scalable technologies for mobile, AI, defense and aerospace, automotive, AR/VR, and quantum computing, has been added as a member of the broad-market Russell 3000^® Index, effective after the US market opens on June 30, as part of the 2025 Russell indexes reconstitution.

The annual reconstitution of the Russell US indexes captures the 4,000 largest US stocks as of April 30, ranking them by total market capitalization. Membership in the Russell 3000^® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000^® Index or small-cap Russell 2000^® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

Jonathan Klamkin, CEO and Founder of Aeluma, comments:

"Our inclusion in the Russell indexes marks a key milestone that builds from our recent oversubscribed equity offering and uplist to NASDAQ. This highlights the strength of our disruptive technology, the potential of our go-to-market strategy, and the confidence that our shareholders, partners, and customers have in our ability to execute. We believe Aeluma is well-positioned to impact several high-growth markets as we continue to gain commercialization traction."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider.

Fiona Bassett, CEO of FTSE Russell, an LSEG business, comments:

"The Russell indexes have continuously adapted to the evolving dynamic US economy, and it's crucial to fully recalibrate the suite of Russell US Indexes, ensuring the indexes maintain an accurate representation of the market. The transition to a semi-annual reconstitution frequency from 2026 will ensure our indexes continue to represent the market and maintain the purpose of the index as a portfolio benchmark."

For more information on the Russell 3000^® Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.

About Aeluma

Aeluma (www.aeluma.com) develops photonics and optoelectronics for sensing, computing, and communication applications. Aeluma has pioneered a technique to manufacture semiconductor chips using high-performance compound semiconductor materials on large-diameter substrates that are commonly used for mass-market microelectronics. The technology has the potential to enhance performance and scale manufacturing, both of which are critical for emerging applications. Aeluma is developing a streamlined business model from its headquarters in Santa Barbara, California that has a state-of-the-art manufacturing cleanroom. Its transformative semiconductor chip technology may impact a variety of markets including mobile, AI, defense and aerospace, automotive, AR/VR, and quantum computing. Aeluma differentiates itself with unique semiconductor manufacturing capability, proprietary technology, the ability to perform rapid prototyping, and a broad set of product offerings.

About FTSE Russell, an LSEG Business

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit FTSE Russell.

Company
Aeluma, Inc.
(805) 351-2707
info@aeluma.com

Investor Contact
Bishop IR
Mike Bishop
(415) 894-9633
ir@aeluma.com

SOURCE: Aeluma, Inc.

View the original press release on ACCESS Newswire

FAQ

What does Aeluma's inclusion in the Russell 3000 Index mean for ALMU stock?

Inclusion in the Russell 3000 Index means increased visibility to institutional investors and automatic inclusion in either the Russell 1000® or Russell 2000® Index, potentially increasing trading volume and institutional ownership.

When will ALMU stock be added to the Russell 3000 Index?

Aeluma (NASDAQ:ALMU) will be added to the Russell 3000® Index effective June 30, 2025, after the US market opens.

What markets does Aeluma (ALMU) serve?

Aeluma serves multiple high-growth markets including mobile, AI, defense and aerospace, automotive, AR/VR, and quantum computing with their semiconductor technologies.

What recent milestones has Aeluma (ALMU) achieved?

Aeluma has recently completed an oversubscribed equity offering, successfully uplisted to NASDAQ, and gained inclusion in the Russell 3000® Index.

How long will ALMU remain in the Russell 3000 Index?

Aeluma's membership in the Russell 3000® Index will remain in place for one year following the reconstitution.