• Data I/O entered a private placement for USD 9 million with Lytton-Kambara Foundation and Alice W. Lytton Family LLC, covering 869,840 common shares, a USD 6.83 million convertible debenture, and warrants for 1,080,000 common shares.
• Closing remains subject to customary conditions, including regulatory approval.
• The five-year convertible debenture carries 4% interest, rising to 18% on default, with automatic conversion into Series B Convertible Preferred Stock if shareholders approve a proposal at the 2026 annual meeting.
• Series B Convertible Preferred Stock has a USD 1,000 stated value, accrues 4% dividends, and is initially convertible at USD 2.5 per common share; the principal amount would convert into about 2,730,000 common shares before limits.
• Warrants run for five years with a USD 3 exercise price; conversions or exercises are capped at 9.99% beneficial ownership and, without stockholder approval, total issuance above 1,869,470 common shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Data I/O Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001654954-26-005124), on May 19, 2026, and is solely responsible for the information contained therein.