DATA I/O CORP — Form S-1
Filed July 31, 2026 · analyzed by the Registration Agent
S-1
— Neutral
significance 31/100
What the filing says
On June 17, 2026, Data I/O closed a private placement with Lytton-Kambara Foundation and Alice W Lytton Family LLC, raising $8.21M net proceeds. The company issued 869,840 common shares, convertible notes worth $6.825M principal (4% coupon, 5-year term, auto-converting to Series B Preferred Stock), 1,080,000 warrant shares (exercise price $3.00/share, 5-year term), and convertible preferred stock (initially 6,841.33 shares at $1,000 stated value, convertible at $2.50/share). This S-1 registers 4.69M resale shares for the investors (including warrant and conversion dilution). The investors gain 13.44%–24.22% beneficial ownership, capped at 9.99% anti-dilution per instrument.
Why this rating
Financing is 30% of $26.9M market cap—material for liquidity. However, this is a secondary resale registration (company receives no new proceeds from resales). Heavy dilution (4.69M shares issuable ~37% of current 12.7M shares outstanding) and high conversion overhang create downward pressure. Neutral because outcome depends on use of capital and dilution management, not disclosed.
Extracted items
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