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Red Flags Detected

  • Immediate Dilution of $47.64 Per Share (new) — The offering price is far above net tangible book value, causing substantial dilution for new investors.
NASDAQ: AEHR AEHR TEST SYSTEMS 424B5

Aehr Test Systems launches $60M at-the-market offering of common stock at $52.16/share

Filed April 8, 2026 · ~1 min read

Key Changes

  • high

    Aehr Test Systems may sell up to $60M of common stock in an at-the-market offering through William Blair and Craig-Hallum.

    The Offering verify on EDGAR →
  • high

    The offering is at-the-market, meaning shares are sold from time to time at prevailing market prices, not at a fixed price.

    The Offering verify on EDGAR →
  • medium

    Assuming sale of 1,150,306 shares at $52.16, the company would have 32,104,058 shares outstanding, implying a market cap of about $1.7B.

    The Offering verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 2, 2026 · How we verify