Data I/O Corporation announced on October 19, 2026, that it entered into a securities purchase agreement for a private placement of approximately $13.25 million in securities. The proposed offering includes the issuance of convertible subordinated debentures and common shares.
Offering Terms and Structure
The proposed offering is expected to close in the next few days, subject to the satisfaction of customary closing conditions. According to the company, the debentures carry a five-year term and bear interest at 5% for the first year, increasing by 1% for each year thereafter.
Portions of the round will convert automatically into Data I/O common stock at a conversion price of $2.68 per share, or into preferred shares at a conversion price of $1,000 per share. The preferred stock is non-voting and is convertible into common stock at $2.68 per share.
Shareholder Meetings and Investor Commitments
The lead investor from the company's June 2026 private placement committed an additional $4.0 million in the proposed round. Data I/O intends to hold a special meeting of shareholders within 120 days of closing to approve the issuance of common stock exceeding 19.9% of shares outstanding.
The company also agreed to file a registration statement on Form S-1 within 30 days of the closing of the offering.
Key facts and where they come from
- Data I/O entered into a securities purchase agreement for a private placement of approximately $13.25 million in securities.
announced it has entered into a securities purchase agreement for a private placement of approximately $13.25 million in securities.
- The debentures feature a five-year term with an initial 5% interest rate for the first year.
The debentures will have a five-year term and bear interest at 5% for the first year
- The lead investor from the June 2026 private placement committed an additional $4.0 million to the round.
The lead investor from the Company’s June 2026 private placement has committed an additional $4.0 million in the proposed round
