Aehr Test Systems provided an update on its previously announced offer to sell up to $25M of the company’s common stock on the open market via an At-The-Market offering. During the quarter, the company received gross proceeds totaling $7.3M on the sale of 208,917 shares at an average price of $34.78 per share, and $17.7M remains available under this ATM. Under the terms of the ATM equity distribution agreement, the company may not sell shares during the company’s closed trading windows when it is deemed the company may be in possession of material non-public information.
Published first on TheFly
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