Brief: Aehr Test Systems Comments On Closure Of Silicon Valley Bank

AEHR Test Systems

10/03/2023 22:08

Aehr Test Systems  AEHR.O :
    * AEHR TEST SYSTEMS COMMENTS ON CLOSURE OF SILICON VALLEY
BANK
    * AEHR TEST SYSTEMS: AEHR TEST DOES HAVE A CHECKING ACCOUNT
AT SVB
    * AEHR TEST SYSTEMS: CHECKING ACCOUNT AT SVB WITH CURRENT
BALANCE
OF UNDER $2.5 MILLION,  LESS THAN 6% OF TOTAL OF $41.8M IN CASH
AND SHORT-TERM LIQUID ASSETS
    * AEHR TEST SYSTEMS - HAS NO OUTSTANDING BALANCE ON LINE OF
CREDIT
WITH SILICON VALLEY BANK, FORESEES NO NEED TO DRAW ON LINE IN
NEAR FUTURE
    * AEHR TEST SYSTEMS - AEHR BELIEVES THAT THERE IS NO IMPACT
TO OUR
OPERATIONS, CUSTOMERS, VENDORS, OR EMPLOYEES.

Source text for Eikon:  ID:nGNX2j6XNn 
Further company coverage:  AEHR.O