---
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"
generated_at: "2026-06-19T21:22:38.327357+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Aehr Test Systems launches up to $25M ATM stock offering; prior agreement terminated

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-001446
- JSON: https://secwatch.observer/filing/0001654954-23-001446.json
- Plain text: https://secwatch.observer/filing/0001654954-23-001446.txt

## Key facts
- Material Agreements
  AEHR TEST SYSTEMS terminated Equity Distribution Agreement with Craig-Hallum Capital Group LLC (effective 2023-02-06).
  - Action: termination
  - Agreement: atm program
  - Counterparty: Craig-Hallum Capital Group LLC
  - Effective: 2023-02-06
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1040470/000165495423001446/0001654954-23-001446-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: atm program
  - Counterparty: William Blair & Company, L.L.C. and Craig-Hallum Capital Group LLC
  - Value: $25,000,000
  - Effective: 2023-02-07
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1040470/000165495423001446/0001654954-23-001446-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.