AEHR TEST SYSTEMS (AEHR): M&A transaction — Aehr Test Systems completes acquisition of Incal Technology for $21M

AEHR TEST SYSTEMS

Total purchase price $21.0M: $14.0M cash + $7.0M in Aehr common stock.
Issued 552,355 shares at $12.673 per share as stock consideration.
Acquisition closed July 31, 2024, per previously announced Stock Purchase Agreement.
Purchase price subject to post-closing working capital adjustments.

item 2.01 item 1.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

AEHR TEST SYSTEMS completed an acquisition involving Incal Technology, Inc. for $21.0 million (closed 2024-07-31).

Action: acquisition
Counterparty: Incal Technology, Inc.
Consideration: $21.0 million
Closing: 2024-07-31

Exact text from the filing

on Form 8-K filed on July 15, 2024. Pursuant to the Purchase Agreement, the Company acquired all of the outstanding capital stock of Incal for an aggregate purchase price of $21.0 million, consisting of $14.0 million in cash and the issuance of $7.0 million in shares of the Company’s common stock (comprised of 552,355 shares of the Company’s common stock at

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Source: SEC EDGAR

accession 0001654954-24-009808

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