AEHR TEST SYSTEMS Completes Asset Acquisition
Ticker: AEHR · Form: 8-K · Filed: Aug 1, 2024 · CIK: 1040470
| Field | Detail |
|---|---|
| Company | Aehr Test Systems (AEHR) |
| Form Type | 8-K |
| Filed Date | Aug 1, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $21.0 m, $14.0 million, $7.0 million, $12.673 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, assets
TL;DR
AEHR just bought some assets, details TBD.
AI Summary
On July 31, 2024, AEHR TEST SYSTEMS completed the acquisition of assets from a third party. The filing does not disclose specific details regarding the acquired assets, the seller, or the financial terms of the transaction.
Why It Matters
This filing indicates AEHR TEST SYSTEMS has expanded its operations through an asset acquisition, which could impact its future growth and market position.
Risk Assessment
Risk Level: low — The filing is a standard disclosure of an asset acquisition without immediate financial implications or significant operational changes detailed.
Key Players & Entities
- AEHR TEST SYSTEMS (company) — Registrant
FAQ
What specific assets were acquired by AEHR TEST SYSTEMS?
The filing does not specify the exact assets acquired.
Who was the seller in this asset acquisition?
The filing does not disclose the identity of the third party from whom the assets were acquired.
What was the financial consideration for this acquisition?
The filing does not provide details on the dollar amount or terms of the transaction.
When did the asset acquisition officially close?
The acquisition was completed on July 31, 2024.
Does this acquisition represent a significant change in AEHR's business operations?
The filing does not provide enough information to determine the significance of the acquisition on AEHR's business operations.
Filing Stats: 498 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-08-01 16:05:55
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share AEHR The NASDAQ Capital M
- $21.0 m — ncal for an aggregate purchase price of $21.0 million, consisting of $14.0 million in c
- $14.0 million — e price of $21.0 million, consisting of $14.0 million in cash and the issuance of $7.0 millio
- $7.0 million — 4.0 million in cash and the issuance of $7.0 million in shares of the Company's common stock
- $12.673 — shares of the Company's common stock at $12.673 per share), subject to certain post-clo
Filing Documents
- aehr_8k.htm (8-K) — 20KB
- 0001654954-24-009808.txt ( ) — 137KB
- aehr-20240731.xsd (EX-101.SCH) — 6KB
- aehr-20240731_lab.xml (EX-101.LAB) — 14KB
- aehr-20240731_cal.xml (EX-101.CAL) — 1KB
- aehr-20240731_pre.xml (EX-101.PRE) — 9KB
- aehr-20240731_def.xml (EX-101.DEF) — 2KB
- aehr_8k_htm.xml (XML) — 4KB
01 Completion of Acquisition or Disposition of Assets
Item 2.01 Completion of Acquisition or Disposition of Assets. On July 31, 2024, Aehr Test Systems, a California corporation (the "Company"), completed its acquisition of Incal Technology, Inc., a California corporation based in Fremont, California ("Incal") pursuant to the Stock Purchase Agreement (the "Purchase Agreement"), as previously reported under Item 1.01 of the Current Report 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 $12.673 per share), subject to certain post-closing adjustments with respect to working capital, as further described in the Purchase Agreement. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AEHR TEST SYSTEMS Date: July 31, 2024 By: /s/ Chris P. Siu Chris P. Siu Executive Vice President of Finance and Chief Financial Officer and Secretary 3