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

DATA I/O CORP

Raised $9M gross from institutional investors via 869,840 shares, ~$6.8M convertible debentures, and warrants for 1,080,000 shares at $3.00.
Convertible debentures bear 4% interest, mature June 2031, convertible into Series B preferred stock (non-voting, convertible at $2.50/share).
Proceeds to be used for working capital, general corporate purposes, and potential strategic acquisitions.
Placement agent: Ladenburg Thalmann & Co.; financial advisor: Benchmark (StoneX).
Shares and convertible securities issued under Section 4(a)(2) and Regulation D; registration statement to be filed.

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