AEHR TEST SYSTEMS 8-K

What Happened

• On April 8, 2026, AEHR Test Systems announced it entered into an Equity Distribution Agreement with William Blair & Company, L.L.C. and Craig‑Hallum Capital Group LLC to offer and sell up to $60,000,000 of its common stock through an at‑the‑market (ATM) program. The shares will be issued under the company’s existing Form S‑3 registration statement (File No. 333-282661) that was declared effective October 25, 2024; a related prospectus supplement was filed April 8, 2026.

Key Details

• Offering size: up to $60,000,000 of common stock (par value $0.01 per share).
• Agents: William Blair & Company, L.L.C. and Craig‑Hallum Capital Group LLC; commission up to 3.0% of gross proceeds.
• Sales method: ATM sales on Nasdaq or other trading markets, to market makers, and, if authorized, in privately negotiated transactions; company not required to sell any shares and may suspend/terminate the program.
• Agreement includes customary representations, indemnities and closing conditions; it does not itself obligate sales.

Why It Matters

• This ATM gives AEHR a flexible, on‑going way to raise capital as needed without a fixed offering size or schedule. For investors, the program can provide liquidity for the company but also introduces potential dilution if and when shares are sold. Costs include agent commissions of up to 3% of proceeds. The company’s actual use and timing of the ATM will determine the financial impact.