secwatch.observer — SEC 8-K summary
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Issuer:     DATA I/O CORP (DAIO)
CIK:        0000351998
Form:       8-K
Filed at:   2026-10-19T13:00:17+00:00
Accession:  0001193125-26-424740
Event type: m_and_a
Sentiment:  positive
Materiality: 0.78
Item codes: 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Data I/O to buy V-TEK and A&J Programming for ~$23M, funded partly by $13.25M private placement
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- Definitive agreement to acquire V-TEK, Inc. (Mankato, MN semiconductor handling/packaging) and A&J Programming, Inc. (San Jose, CA programming services); close expected this week.
- Total purchase price ~$23M, including ~$3M in Data I/O common stock (~1.12M shares); balance from cash on hand and the $13.25M offering proceeds.
- Offering: $13.25M of convertible subordinated debentures, 5-year term, 5% interest rising 1% per year; $7.25M converts automatically at $2.68/share.
- Remaining $4.0M is non-voting preferred at $1,000/share, convertible at $2.68; the June 2026 private placement lead investor committed an additional $4.0M.
- Special shareholder meeting targeted within 120 days to approve issuing more than 19.9% of outstanding shares; Form S-1 due within 30 days of closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351998/000119312526424740/0001193125-26-424740-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351998/000119312526424740/d162129d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-424740

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