0001040470-16-000120.txt : 20160930
0001040470-16-000120.hdr.sgml : 20160930
20160930132032
ACCESSION NUMBER: 0001040470-16-000120
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160928
ITEM INFORMATION: Other Events
FILED AS OF DATE: 20160930
DATE AS OF CHANGE: 20160930
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: AEHR TEST SYSTEMS
CENTRAL INDEX KEY: 0001040470
STANDARD INDUSTRIAL CLASSIFICATION: INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825]
IRS NUMBER: 942424084
STATE OF INCORPORATION: CA
FISCAL YEAR END: 0531
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-22893
FILM NUMBER: 161912293
BUSINESS ADDRESS:
STREET 1: 400 KATO TERRACE
CITY: FREMONT
STATE: CA
ZIP: 94539
BUSINESS PHONE: 5106239400
MAIL ADDRESS:
STREET 1: 400 KATO TERRACE
CITY: FREMONT
STATE: CA
ZIP: 94539
8-K
1
e8k092816.txt
FORM 8-K
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): September 28, 2016
Aehr Test Systems
(Exact name of Registrant as specified in its charter)
California 000-22893 94-2424084
(State or other jurisdiction of [Commission File Number] (I.R.S. Employer
incorporation or organization) Identification Number)
400 Kato Terrace
Fremont, California 94539
(Address of principal executive offices, including zip code)
510-623-9400
(Registrant's telephone number, including area code)
N/A
(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))
ITEM 8.01. OTHER EVENTS.
As previously disclosed, on April 19, 2016, Aehr Test Systems (the
"Company") received a notice from The Nasdaq Stock Market ("Nasdaq") stating
that the Company was not in compliance with Nasdaq Listing Rule 5550(b)(1) (the
"Stockholders' Equity Rule") because the Company did not have a minimum
stockholders' equity, as of February 29, 2016, of $2.5 million and the Company
did not alternatively meet the market capitalization or income from continuing
operations tests.
As previously disclosed, on September 28, 2016, the Company
consummated the closing of a private placement transaction (the "Private
Placement") pursuant to which it sold 2,721,540 shares (the "Shares") of its
common stock to certain outside institutional and accredited investors at a
price of $2.15 per share for aggregate gross proceeds to the Company of
$5,851,311, before offering expenses.
As of the date of this Current Report on Form 8-K, the Company
believes it has regained compliance with the Stockholders' Equity Rule as a
result of the Private Placement. Nasdaq will continue to monitor the Company's
ongoing compliance with the Stockholders' Equity Rule and, if at the time of
its next periodic report the Company does not evidence compliance, it may be
subject to delisting.
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.
Aehr Test Systems
(Registrant)
By: /s/ Kenneth B. Spink
-------------------------
Kenneth B. Spink
Vice President of Finance and
Chief Financial Officer
Date: September 30, 2016