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

Data I/O enters up to $7.5 million revolving loan with Western Alliance Bank

Neutral Impact 3 of 5 financing Written later

Data I/O and its subsidiaries V-Tek and A&J Programming, which Data I/O acquired on October 20, 2026, signed a Loan and Security Agreement with Western Alliance Bank on October 26, 2026. The revolving facility allows borrowing of up to the lesser of $7.5 million and a borrowing base tied to eligible accounts and inventory, and it is secured by most of the Borrowers' assets. The agreement adds debt and covenant obligations that shareholders should note, including a $3.0 million minimum cash requirement.

Key points

  • Revolving facility of up to the lesser of $7.5 million and a borrowing base, usable only for working capital and general business needs; advances due October 26, 2028 unless repaid earlier
  • Interest at 1.00% above the Prime Rate, defined as the greater of 5.75% and the Wall Street Journal prime rate, paid monthly; non-refundable facility fee of $18,750 at closing and each anniversary
  • Borrowers are jointly and severally liable and secured by accounts, inventory, equipment, intellectual property and pledged subsidiary equity; minimum $3.0 million unrestricted cash and fixed charge coverage ratio of at least 1.25 to 1.00 r

The filing

CompanyDATA I/O CORP (DAIO)
Form8-K, current report
Filed with the SECOct 29, 2026, 5:06 PM ET
Accession number0001193125-26-438009

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation8.01 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 29, 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.