---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-009808"
form_type: "8-K"
ticker: "AEHR"
cik: "0001040470"
company_name: "AEHR TEST SYSTEMS"
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T13:36:33.894245+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Aehr Test Systems completes acquisition of Incal Technology for $21M

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-24-009808
- form_type: 8-K
- ticker: AEHR
- cik: 0001040470
- company_name: AEHR TEST SYSTEMS
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1040470/000165495424009808/0001654954-24-009808-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1040470/000165495424009808/aehr_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-009808
- JSON: https://secwatch.observer/filing/0001654954-24-009808.json
- Plain text: https://secwatch.observer/filing/0001654954-24-009808.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1040470/000165495424009808/0001654954-24-009808-index.htm

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