secwatch.observer — SEC 8-K summary
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Issuer:     AEHR TEST SYSTEMS (AEHR)
CIK:        0001040470
Form:       8-K
Filed at:   2023-01-17T23:59:59+00:00
Accession:  0001654954-23-000451
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aehr Test Systems extends SVB credit line to Jan 2024, with possible further extension to Jan 2025 subject to conditions
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- Extended Revolving Line Maturity Date to January 13, 2024 under Third Amendment with Silicon Valley Bank.
- Further extension to January 13, 2025 contingent on submitting FY2024 plan by July 31, 2023 and maintaining net cash ≥ $20M at Nov 30, 2023.
- Amendment modifies previous Loan and Security Agreement dated January 13, 2020 and prior amendments.
- No other material changes to interest rate, covenant, or borrowing base disclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040470/000165495423000451/0001654954-23-000451-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040470/000165495423000451/aehr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-000451

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