Aehr Test Systems (NASDAQ: AEHR) entered into an equity distribution agreement on April 8, 2026, to sell up to $60 million of common stock through an at-the-market offering program.

The company appointed William Blair & Company and Craig-Hallum Capital Group as agents for the stock sales. The shares will be sold under a registration statement filed in October 2024 that became effective with the Securities and Exchange Commission.

Under the agreement, the agents will sell shares from time to time based on instructions from Aehr Test Systems, including any price, time or size limits the company may impose. The agents may sell shares directly on Nasdaq or other existing trading markets, or through market makers.

Neither Aehr Test Systems nor the agents are obligated to sell any specific number or dollar amount of shares. Both parties may suspend or terminate the offering upon written notice to the other party.

The company will pay the agents a commission of up to 3% of gross proceeds from share sales. Sales may also include privately negotiated transactions if expressly authorized by the company.

The information was disclosed in a prospectus supplement filed with the SEC on April 8, 2026, according to the company's statement.