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AI brief of an SEC Form 8-K · DATA I/O CORP (DAIO)

Data I/O Completes $23.0 Million V-TEK Acquisition, Raises $13.25 Million Privately

Mixed Impact 4 of 5 m&a Written later

Data I/O completed its acquisition of V-TEK, Inc. and A&J Programming, Inc. on October 20, 2026, for $23.0 million, paid as $20.0 million in cash and $3.0 million in common stock. The company funded part of the deal with a private placement of about $13.25 million, including $11.25 million of convertible notes that carry a 5.0% interest rate, rising one percentage point each year, and that can convert into common or preferred stock, which could dilute existing shareholders. The company says the acquisition is expected to double its revenue, but the filing does not include financial results to support that claim.

Key points

  • Acquisition of V-TEK, Inc. and A&J Programming, Inc. completed October 20, 2026, for $23.0 million: $20.0 million cash and $3.0 million in stock at $2.68 per share, with $1.3 million placed in escrow
  • Private placement closed October 20, 2026: about $13.25 million, including 746,266 common shares and about $11.25 million of convertible notes maturing October 20, 2031
  • Notes carry 5.0% interest paid in cash; default interest rate rises to 18% per annum, and an 8% rate applies if a shareholder meeting is not held by the deadline

The filing

CompanyDATA I/O CORP (DAIO)
Form8-K, current report
Filed with the SECOct 22, 2026, 3:58 PM ET
Accession number0001193125-26-428897

Items reported: 1.01 Material Definitive Agreement2.01 Acquisition or Disposition Completed2.03 New Direct Financial Obligation3.02 Unregistered Equity Sale5.03 Bylaw / Charter Amendment7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

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 22, 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.