Data I/O Enters Agreement for Approximately $13.25M Private Placement
The agreement covers convertible subordinated debentures and common shares. The debentures convert at $2.68 per share, and closing is expected in days, subject to conditions.
Data I/O entered a securities purchase agreement for a private placement of approximately $13.25M, including convertible subordinated debentures and common shares, expected to close in days subject to conditions. Debentures convert at $2.68 per common share; preferred also converts at $2.68.Materia…