InvestmentJun 17, 2026, 01:47 PM
Data I/O Closes $9M Financing Deal with Institutional Investors
AI Summary
Data I/O Corporation announced the closing of a $9 million financing deal with two institutional investors. The financing package includes the issuance of 869,840 shares of common stock, approximately $6.8 million in convertible debentures, and warrants to purchase up to 1,080,000 shares of common stock. The company plans to use the net proceeds for additional working capital, general corporate purposes, and future potential strategic acquisitions to accelerate growth and technological innovation.
Key Highlights
- Data I/O closed a $9 million financing deal with two institutional investors.
- Issued 869,840 shares of common stock as part of the financing.
- Issued approximately $6.8 million in unsecured convertible debentures.
- Issued warrants to purchase up to 1,080,000 common shares at $3.00 exercise price.
- Convertible debentures bear 4.0% annual interest and mature in five years.
- Debentures convertible into Series B preferred stock, then common stock at $2.50.
- Proceeds will fund working capital, general corporate purposes, and strategic acquisitions.
Price Impact
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