Data I/O Announces Proposed $13.25 Million Securities Offering

REDMOND, Wash., Oct. 19, 2026 (GLOBE NEWSWIRE) -- Data I/O Corporation (NASDAQ: DAIO) (the “Company”), the leading global provider of data programming and security provisioning solutions for microcontrollers, security ICs and memory devices, today announced it has entered into a securities purchase agreement for a private placement of approximately $13.25 million in securities. The proposed offering includes the issuance of convertible subordinated debentures and common shares. The offering is expected to close in the next few days, subject to the satisfaction of customary closing conditions.

The debentures will have a five-year term and bear interest at 5% for the first year and increase by 1% for each year thereafter. The debentures will convert automatically into Data I/O common stock (pertaining to $7.25 million of the round) at a conversion price of $2.68 per share of common stock or preferred shares (pertaining to $4.0 million of the round) at a conversion price of $1,000 per share of preferred stock. The preferred stock is non-voting and is convertible into common stock at a conversion price of $2.68 per share of common stock.