InvestmentMay 19, 2026, 05:16 PM
DATA I/O Raises $9M via Private Placement of Equity Securities
AI Summary
DATA I/O Corporation completed a private placement, raising $9 million from Lytton-Kambara Foundation and Alice W. Lytton Family LLC. The transaction involved the sale of 869,840 shares of common stock, convertible debentures totaling $6,825,400, and warrants to purchase 1,080,000 shares of common stock. The debentures carry a 4.0% interest rate and are convertible into Series B Convertible Preferred Stock, which accrues 4% dividends. The warrants are exercisable at $3.00 per share for five years, with all securities subject to beneficial ownership and issuance caps.
Key Highlights
- Completed private placement raising $9 million from Lytton-Kambara Foundation and Alice W. Lytton Family LLC.
- Sold 869,840 shares of Common Stock.
- Issued convertible debentures in the principal amount of $6,825,400.
- Issued warrants to purchase an aggregate of 1,080,000 shares of common stock.
- The five-year debentures bear interest at 4.0% per annum, payable semiannually.
- The Series B Convertible Preferred Stock accrues 4% dividends annually and has a Stated Value of $1,000 per share.
- Warrants are exercisable for five years at $3.00 per share.
- Conversion/exercise of securities is subject to limitations, including a 9.99% beneficial ownership cap.
Price Impact
More from DAIO