DATA I/O Closes $9M Private Placement for Working Capital, Acquisitions

DATA I/O Corporation closed a previously announced $9 million private placement on June 17, 2026. The financing included the issuance of 869,840 shares of common stock, convertible debentures in the principal amount of $6,825,400, and warrants to purchase 1,080,000 shares of common stock. The five-year debentures bear 4.0% interest and are convertible into Series B Preferred Stock, which is convertible into common stock at an initial price of $2.50 per share. The warrants are exercisable at $3.00 per share for five years. The company intends to use the net proceeds for additional working capital, general corporate purposes, and future potential strategic acquisitions.