DATA I/O CORP (DAIO) Form 8-K — Jul 13, 2026
Data I/O Corporation announced the automatic conversion of $6.8 million in convertible debentures into Series B Preferred Stock, resulting in the issuance of 6,841.33 shares to holders Lytton-Kambara Foundation and Alice W. Lytton Family LLC. This conversion follows shareholder approval authorizing the potential issuance of 20% or more of common stock at prices potentially below the Nasdaq minimum, securing the company's capital structure while diluting existing equity holders. During the 2026 Annual Meeting, shareholders re-elected the board of directors, including William Wentworth and Edward J.
Key figures
- Debt Amount
- $6,825,400.00
- Shares Issued
- 6,841.33 shares of Preferred Stock
- Shares Outstanding
- 9394422
- Authorized dilution limit
- 20% or more
- Preferred stock issuance reason
- Conversion of convertible debentures
Price after filing
Close on the filing date to close N calendar days later (from $3.34). Historical, not a forecast.
AI analysis
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