Data I/O Signs Definitive Agreement to Acquire V-TEK and A&J Programming
Data I/O signed a definitive agreement to acquire V-TEK, a semiconductor handling and packaging manufacturer, and A&J Programming, a device programming service provider, for a total purchase price of approximately $23 million. Consideration is a mix of cash and stock: roughly $3 million in Data I/O common stock (about 1.12 million shares), with funding from cash on hand plus proceeds of a newly announced proposed $13.25 million securities offering.
Key figures
- Deal Value Usd
- 23000000
- Stock consideration usd
- 3000000
- Stock consideration shares
- 1120000
- Planned offering proceeds usd
- 13250000
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