ALMU · CIK 1828805
What Aeluma, Inc. told the SEC could break it.
Aeluma's disclosures describe a largely fabless semiconductor and photonics company dependent on an outsourced supply chain it doesn't control. It relies on limited sources for wafer fabrication, packaging and product testing, the loss of which could delay and limit shipments, and both its own facilities near Santa Barbara, California and many of its suppliers and manufacturing partners sit in regions prone to severe earthquakes and other disasters. On top of that, its high-performance chip products may fall under U.S. export controls and sanctions, which could restrict foreign sales or require export authorizations.
3 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Climate & physical
- Santa Barbara, CA facilities and supplier sites in earthquake/disaster-prone regionsmedium
Aeluma's facilities near Santa Barbara, CA and many of its major suppliers and manufacturing partners sit in areas prone to severe earthquakes and other disasters (storms, fires, typhoons, tsunamis), threatening operational continuity.
“Our principal executive offices and operating facilities are situated near Santa Barbara, California, and many of our major suppliers, vendors, and manufacturing partners are located in areas that have been subject to severe earthquakes and are susceptible to other disasters such as tropical storms, fires, typhoons or tsunamis.”
SEC filing →As of 2025
Regulatory & policy
- U.S. export controls / sanctions on high-performance semiconductorsmedium
Aeluma's photonics/semiconductor products may be subject to U.S. export controls and sanctions that limit foreign sales, require export authorizations, and prohibit supply to embargoed countries.
“To the extent that our products are or become subject to U.S. export controls and regulations, these regulations may limit the export of our products and technology, and provision of our services outside of the United States, or may require export authorizations, including by license, a license exception, or other appropriate government authorizations and conditions, including annual or semi-annual reporting.”
Supplier concentration
- Reliance on limited third-party wafer fabrication, packaging, and testingmedium
As a largely fabless semiconductor company, Aeluma relies on limited sources of wafer fabrication, packaged-product fabrication, and product testing; losing such suppliers could delay and limit product shipments.
“We will rely on limited sources of wafer fabrication, packaged products fabrication and product testing, the loss of which could delay and limit our product shipments.”
SEC filing →As of 2025
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