Current Report Filing (8-k)
July 09 2021 - 1:30PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934
Date of
Report (Date of earliest event reported)
July 8, 2021
AEHR TEST SYSTEMS
(Exact
name of registrant as specified in its charter)
California
|
|
000-22893
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94-2424084
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(State
or other jurisdiction
of
incorporation)
|
|
(Commission
File Number)
|
|
(IRS
Employer
Identification
No.)
|
|
400 KATO TERRACE, FREMONT, CA 94539
|
(Address
of principal executive offices, including zip code)
|
|
510-623-9400
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(Registrant’s
telephone number, including area code)
|
|
N/A
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(Former
name or former address, if changed since last report)
|
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2.
below):
☐
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Indicate by check
mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (§230.405 of
this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(§240.12b-2 of this chapter).
Emerging growth
company ☐
If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. ☐
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
|
Trading
Symbol(s)
|
Name of
each exchange on which registered
|
Common
Stock, par value $0.01 per share
|
AEHR
|
The
NASDAQ Capital Market
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Item 1.01. Entry into a Material Definitive Agreement.
On January 14, 2021, Aehr Test Systems (the “Company”)
entered into the First Amendment to Loan and Security
Agreement (the "Amendment") with Silicon Valley Bank (the "Lender")
which amended the Loan and Security
Agreement (the “Loan Agreement”) dated as of January
13, 2020 with the Lender.
The Amendment, among other things, extends the Revolving Line
Maturity Date (as defined in the Loan Agreement) to July 14, 2021
(the “Amended Revolving Line Maturity Date”); provided,
however, that if the Company achieves specified operating metrics
on a consolidated basis on or prior to May 31, 2021 the Amended
Revolving Line Maturity Date is extended to January 13,
2022.
On July 8, 2021 the Company received confirmation from the Lender
that the Revolving Line Maturity Date has been extended to January
13, 2022.
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.
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Aehr Test Systems
(Registrant)
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|
|
|
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Date: July 9, 2021
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By:
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/s/ Kenneth B. Spink
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Kenneth B. Spink
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|
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Vice
President of Finance and
Chief
Financial Officer
|
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