Aehr Test Systems closed at $16.66, the stock growth was 22.41%. The stock price in the pre-market jumped by 3.72% and is worth $17.31. During the month, the stock’s indicators have been steadily growing. Aehr Test Systems (AEHR) has announced the successful completion of the previously announced offer on the market in the amount of $ 25 million. A total of 1.7 million shares were sold at an average selling price of $14.73 per share.
The estimated net revenue of the Company after commissions, fees, and estimated placement costs was $24.0 million. And the Company’s gross revenue amounted to $25.0 million before commission fees and placement costs. Gein Erickson, CEO of Aehr Test Systems, noted that they successfully completed this offer, which brought in $24 million in cash with minimal dilution for our shareholders. These proceeds will be used to service large market opportunities, and in the future, including significant opportunities for testing and implementing silicon carbide devices for electric vehicles and electrification infrastructure.