Data I/O raises $9M in private placement of convertible debentures, stock, and warrants

DATA I/O CORP

Sold 869,840 shares of common stock, $6.825M convertible note (4% interest, 5-year), and warrants for 1.08M shares at $3.00 to Lytton-Kambara Foundation and Alice W. Lytton Family LLC.
Convertible note converts into Series B Preferred at $1,000/share; Preferred convertible into common at $2.50/share; automatic conversion upon shareholder approval.
Warrants exercisable at $3.00 per share for 5 years; aggregate potential shares from conversion/exercise limited to ~1.87M shares without stockholder approval.
Company to file resale registration statement for shares issuable upon conversion/exercise.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.