---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-009008"
form_type: "8-K"
ticker: "AEHR"
cik: "0001040470"
company_name: "AEHR TEST SYSTEMS"
filed_at: "2024-07-16T23:59:59+00:00"
generated_at: "2026-05-31T20:23:05.959026+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Aehr Test Systems acquires Incal Technology for $21M to bolster AI semiconductor test market

## Summary
- Purchase price: $14M cash + 552,355 shares of Aehr common stock valued at $7M ($12.673/share).
- Incal's trailing 12-month revenue ~$12M from burn-in systems and consumables for AI/GPU/HPC devices.
- Acquisition expected to be immediately accretive; close targeted within 60 days subject to conditions.
- Deal adds ultra-high-power burn-in capabilities for AI accelerators drawing 1,000W+, expanding Aehr's portfolio.
- Incal brings relationships with leading AI semiconductor manufacturers and their subcontractors.

## SEC filing metadata
- accession: 0001654954-24-009008
- form_type: 8-K
- ticker: AEHR
- cik: 0001040470
- company_name: AEHR TEST SYSTEMS
- filed_at: 2024-07-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1040470/000165495424009008/0001654954-24-009008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1040470/000165495424009008/aehr_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-009008
- JSON: https://secwatch.observer/filing/0001654954-24-009008.json
- Plain text: https://secwatch.observer/filing/0001654954-24-009008.txt

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