DATA I/O CORP (DAIO) Form 8-K — Oct 22, 2026
$DAIOForm 8-KItems 1.01, 2.01, 2.03, 3.02, 5.03, 7.01, 8.01, 9.01Filed Oct 22, 2026, 3:58 PM ET0001193125-26-428897Original filing
Data I/O completed its acquisition of V-Tek, Inc. and A&J Programming, Inc. on October 20, 2026 for a $23.0 million purchase price — $20.0 million in cash and $3.0 million in Data I/O stock at $2.68 per share, with $1.3 million escrowed for indemnification. The company's press release calls the deal transformational and anticipates it will double revenue.
Key figures
- Debt Amount
- 11250000
- Deal Value Usd
- 23000000
- Interest Rate
- 5
- Maturity Date
- 2031-10-20
- Gross Proceeds
- 13250000
- Offering Price
- 2.68
- Shares Offered
- 746266
- Escrow
- $1.3 million of purchase price in escrow
- Cash portion
- $20.0 million cash
- Stock portion
- $3.0 million in common stock at $2.68 per share
- Placement agent fees
- 7.0% cash fee plus 1.0% management fee plus up to $75,000 expenses
- Default interest rate
- 18% per annum upon event of default
- Target working capital
- $5,567,000
- Conversion price common
- $2.68 per share
- Conversion price preferred
- $1,000 per share
- Preferred conversion shares
- approximately 1.49 million shares of common stock
AI analysis
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