{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-001446","form_type":"8-K","ticker":"AEHR","cik":"0001040470","company_name":"AEHR TEST SYSTEMS","filed_at":"2023-02-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.625632+00:00","generated_at":"2026-06-19T21:22:38.327357+00:00","sec_items":["1.01","1.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Aehr Test Systems launches up to $25M ATM stock offering; prior agreement terminated","bullets":["Entered equity distribution agreement with William Blair and Craig-Hallum for up to $25M of common stock via ATM offering.","Prior equity distribution agreement with Craig-Hallum dated Sept 17, 2021 terminated by mutual agreement on Feb 6, 2023.","Agents receive 2.75% commission on gross proceeds; shares sold on Nasdaq open market.","Net proceeds to be used for general corporate purposes, including working capital, R&D, and capex."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-001446","json":"https://secwatch.observer/filing/0001654954-23-001446.json","markdown":"https://secwatch.observer/filing/0001654954-23-001446.md","text":"https://secwatch.observer/filing/0001654954-23-001446.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1040470/000165495423001446/0001654954-23-001446-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1040470/000165495423001446/aehr_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T21:22:38.327357+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"337d4b32f8eee05d50dc5f169582a7214ccc0ee5","claim":"AEHR TEST SYSTEMS terminated Equity Distribution Agreement with Craig-Hallum Capital Group LLC (effective 2023-02-06).","evidence_excerpt":"On February 6, 2023, the Company terminated the Equity Distribution Agreement with Craig-Hallum Capital Group LLC, dated as of September 17, 2021, by mutual agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1040470/000165495423001446/0001654954-23-001446-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"atm program"},{"label":"Counterparty","value":"Craig-Hallum Capital Group LLC"},{"label":"Effective","value":"2023-02-06"}],"fact_type":"material_agreement"},{"claim_id":"665dbd9a73ed1092d2b21efbf57f2050c7ad2f29","claim":"AEHR TEST SYSTEMS entered into Sales Agreement with William Blair & Company, L.L.C. and Craig-Hallum Capital Group LLC valued at $25,000,000 (effective 2023-02-07).","evidence_excerpt":"On February 7, 2023, AEHR Test Systems (the “Company”) entered into an equity distribution agreement (the “Sales Agreement”) with William Blair & Company, L.L.C. and Craig-Hallum Capital Group LLC (the “Agents”), in connection with the offer and sale of up to $25,000,000 of shares of the Company’s common stock","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1040470/000165495423001446/0001654954-23-001446-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"atm program"},{"label":"Counterparty","value":"William Blair & Company, L.L.C. and Craig-Hallum Capital Group LLC"},{"label":"Value","value":"$25,000,000"},{"label":"Effective","value":"2023-02-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}