ShareholdingJul 31, 2026, 04:49 PM
DATA I/O Registers 4.69M Shares for Resale by Selling Stockholders
AI Summary
DATA I/O Corp has filed an S-1 registration statement for the resale of up to 4,686,371 shares of its Common Stock by existing selling stockholders. The company will not receive any proceeds from these sales, but will bear the registration costs. These shares originated from a private placement completed in June 2026, which raised approximately $8.21 million for the company and involved common stock, convertible debentures, and warrants.
Key Highlights
- DATA I/O registered up to 4,686,371 shares of Common Stock for resale by selling stockholders.
- The company will not receive any proceeds from the sale of shares by selling stockholders.
- Shares originated from a May 2026 Private Placement with Lytton-Kambara Foundation and Alice W Lytton Family LLC.
- The Private Placement included 869,840 shares, $6.83 million convertible debentures, and warrants for 1.08 million shares.
- The Private Placement raised approximately $8.21 million in gross proceeds for DATA I/O.
- Convertible debentures automatically converted into 6,841.33 Series B Convertible Preferred Stock.
- Preferred Stock is convertible into Common Stock at an initial price of $2.50 per share.
- Warrants are exercisable for 1,080,000 shares at $3.00 per share for five years.
Price Impact
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