Aehr Test Systems (AEHR) enters $25m ATM offering

Aehr Test Systems (NASDAQ: AEHR) announced it has entered into a sales agreement with William Blair & Company, L.L.C. and Craig-Hallum Capital Group LLC in connection with the offer and sale of up to $25 million of shares of the Company’s common stock. The shares will be sold on the open market via an At-The-Market (ATM) offering pursuant to an effective shelf registration on Form S-3 filed with the Securities and Exchange Commission (the “SEC”) on September 3, 2021.

The Company’s common stock is listed on the Nasdaq Capital Market under the symbol “AEHR.”

The Company plans to use the net proceeds, if any, of sales of its common stock issued under the ATM offering for general corporate purposes, which may include, among other things, increasing its working capital and inventory, funding research and development, commercial activities, and capital expenditures.

You May Also Be Interested In

• CopperTech Metals launches IPO roadshow on NYSE at $16-$18 per share
• CVG to join Russell 2000 and Russell 3000 indexes June 26
• Worthington Enterprises raises dividend 5%, adds board member