secwatch.observer — SEC 8-K summary
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Issuer:     DATA I/O CORP (DAIO)
CIK:        0000351998
Form:       8-K
Filed at:   2026-05-19T21:09:29+00:00
Accession:  0001654954-26-005124
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 3.02, 8.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351998/000165495426005124/0001654954-26-005124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351998/000165495426005124/daio_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-26-005124

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer