AEHR Test Systems Form 8-K Filing
AEHR Test Systems has entered into an Equity Distribution Agreement with William Blair & Company, L.L.C. and Craig-Hallum Capital Group LLC to offer and sell up to $60,000,000 of its common stock. The shares will be sold under a previously effective Form S-3 registration statement. The agents will use commercially reasonable efforts to sell the shares as directed by AEHR Test Systems. Neither party is obligated to sell or purchase a specific amount of shares, and either party may terminate the offering with notice. Sales can be made through various methods, including on the Nasdaq stock market, or in privately negotiated transactions. AEHR Test Systems will pay the agents a commission of up to 3.0% of the gross proceeds. The agreement includes customary representations, warranties, conditions, indemnification, and termination provisions. This filing does not constitute an offer to sell or buy securities.