Data I/O agrees to acquire V-TEK, A&J Programming for about $23 million
On October 19, 2026, Data I/O signed a definitive agreement to acquire V-TEK, Inc., a Mankato, MN maker of semiconductor handling and packaging solutions, and A&J Programming, Inc., a San Jose, CA device programming service provider. The total purchase price is about $23 million, paid in cash and Company common stock, and the company said the acquisition is expected to close this week. The same day, it announced a proposed private placement of about $13.25 million that includes convertible debentures and common shares, with a shareholder vote needed for issuances above 19.9% of shares outstanding.
Key points
- Total purchase price of about $23 million, including about $3 million in Data I/O common stock (about 1.12 million shares)
- Proposed private placement of about $13.25 million, with $7.25 million in debentures converting at $2.68 per share
- Special shareholder meeting expected within 120 days of closing to approve issuances above 19.9% of shares outstanding
- Lead investor from the June 2026 private placement committed an additional $4.0 million
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 19, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.