Fremont, CA (September 23, 2016) – Aehr Test Systems (NASDAQ: AEHR), a worldwide supplier of semiconductor test and burn-in equipment, today announced that it has entered into a definitive purchase agreement for the sale of approximately $5.9 million in shares of its common stock in a private placement transaction with certain institutional and accredited investors.
Pursuant to the terms of the purchase agreement, Aehr Test Systems has agreed to sell an aggregate of 2,721,540 shares of common stock at a price of $2.15 per share to outside institutional and accredited investors. Aehr Test Systems intends to use the net proceeds from the private placement for working capital and general corporate purposes. The private placement is anticipated to close on or about September 28, 2016, subject to the satisfaction of customary closing conditions.
So, my computer did a Windows update today, and now Yahoo takes me to the old message board format using IE. If I use Chrome or Foxfire, it uses the new format. Whatever.
Yahoo has a history of changing things that didn't need to be changed. Did you see my message on the other board about asking what the XP TAM might be if AEHR doesn't get the 3D NAND SSD testing market? I know Intel is already shipping them, so they must be testing them somehow.
They were expiring options, so he had to do something. At least he didn't exercise and sell, so that could be a good sign.
I see that several companies have issued PRs, but not by AEHR yet. They are listed in one of the other companies PR though.
The 20 management teams collectively hosting the 2016 CEO Summit include: Axcelis (ACLS), Aehr Test (AEHR), Brooks (BRKS), Camtek (CAMT), Cabot Micro (CCMP), Cohu (COHU), Electro Scientific (ESIO), Exar (EXAR), FormFactor (FORM), inTEST (INTT), Intevac (IVAC), MKS Instruments (MKSI), Nanometrics (NANO), Rudolph (RTEC), Soitec (SOIT), Tessera (TSRA), Tower (TSEM), Ultra Clean (UCTT), Ultratech (UTEK) and Xcerra (XCRA). Sponsors of the event include Cowen & Co and Stifel.
FWIW, there were a couple of insider buys this week, including Reece for 10,000 shares. There was also a Seeking Alpha article on DAKT today that I posted on the Investor Village DAKT message board.
At least it shows they are starting to think something needs to be done. Many times though, their timing can be worse than mine. FWIW, I added a few more today at $6.10. Won't be the first time if I am wrong.