Aehr Test Systems Announces Underwriter’s Exercise of Over-allotment Option in Public Offering of Common Stock
April 17 2017 - 7:00AM
Aehr Test Systems (Nasdaq:AEHR), a worldwide
supplier of semiconductor test and burn-in equipment, today
announced that in connection with its previously announced
underwritten public offering of 3,846,154 shares of its common
stock at a price to the public of $3.90 per share, the underwriter
has exercised its option to purchase 576,923 additional shares of
the Company’s common stock at the public offering price to cover
over-allotments. The offering of the Company’s 4,423,077 shares of
common stock is expected to close on April 19, 2017, subject to the
satisfaction of customary closing conditions.
Craig-Hallum Capital Group LLC is acting as the sole managing
underwriter of the offering.
The offering is being made pursuant to a shelf registration
statement on Form S-3 (File No. 333-216792) that was previously
filed with the Securities and Exchange Commission (SEC) on March
17, 2017 and became effective on March 24, 2017. A prospectus
supplement and accompanying base prospectus relating to the
offering were filed with the SEC on April 14, 2017 and may be
obtained by visiting the SEC’s website at www.sec.gov or by
contacting Craig-Hallum Capital Group LLC, 222 South Ninth Street,
Suite 350, Minneapolis, Minnesota 55402, by telephone at
612-334-6300 or by email at prospectus@chlm.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
the registration or qualification under the securities laws of such
state or jurisdiction. Any offer, if at all, will be made only by
means of the prospectus supplement and accompanying prospectus
forming a part of the effective registration statement.
About Aehr Test
SystemsHeadquartered in Fremont, California, Aehr Test
Systems is a worldwide provider of test systems for burning-in and
testing logic, optical and memory integrated circuits and has an
installed base of more than 2,500 systems worldwide. Increased
quality and reliability needs of the Automotive and Mobility
integrated circuit markets are driving additional test
requirements, incremental capacity needs, and new opportunities for
Aehr Test products in package, wafer level, and singulated
die/module level test. Aehr Test has developed and introduced
several innovative products, including the ABTSTM and FOX-P
families of test and burn-in systems and FOX WaferPak Aligner,
FOX-XP WaferPak Contactor, and FOX DiePak® Carrier. The ABTS system
is used in production and qualification testing of packaged parts
for lower power and higher power logic devices as well as all
common types of memory devices. The FOX-XP system is a full wafer
contact and singulated die/module test and burn-in system used for
burn-in and functional test of complex devices, such as
leading-edge memories, digital signal processors, microprocessors,
microcontrollers, systems-on-a-chip, and integrated optical
devices. The WaferPak contactor contains a unique full wafer probe
card capable of testing wafers up to 300mm that enables IC
manufacturers to perform test and burn-in of full wafers on Aehr
Test FOX systems. The DiePak Carrier is a reusable, temporary
package that enables IC manufacturers to perform cost-effective
final test and burn-in of both bare die and modules. For more
information, please visit Aehr Test System’s website at
www.aehr.com.
Safe Harbor StatementThis press
release contains certain forward-looking statements based on
current expectations, forecasts and assumptions that involve risks
and uncertainties. These statements are based on information
available to Aehr Test as of the date hereof and actual results
could differ materially from those stated or implied due to risks
and uncertainties. Forward-looking statements include statements
regarding Aehr Test’s intention to offer and sell 4,423,077 shares
of its common stock. These risks and uncertainties include, without
limitation, general market conditions and the risks and
uncertainties detailed in Aehr Test’s recent 10-K, 10-Q and other
reports filed from time to time with the Securities and Exchange
Commission. Aehr Test disclaims any obligation to update
information contained in any forward-looking statement to reflect
events or circumstances occurring after the date of this press
release.
Contacts:
Aehr Test Systems
Ken Spink
Chief Financial Officer
(510) 623-9400 x309
kspink@aehr.com
MKR Group Inc.
Todd Kehrli or Jim Byers
Analyst/Investor Contact
(323) 468-2300
aehr@mkr-group.com
Aehr Test Systems (NASDAQ:AEHR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Aehr Test Systems (NASDAQ:AEHR)
Historical Stock Chart
From Apr 2023 to Apr 2024