Data I/O Corporation announced the completion of its acquisition of V-TEK, Inc. and A&J Programming, Inc. on October 20, 2026. The transaction, valued at approximately $23 million, was executed via a Stock Purchase Agreement signed on October 18, 2026.
Under the terms of the agreement, the purchase price consisted of $20 million in cash and $3 million in Data I/O common stock. The common stock was valued at $2.68 per share. The cash portion of the payment was supplemented by proceeds from a concurrent private placement. A total of $1.3 million of the purchase price was placed into escrow to secure indemnification obligations.
Data I/O also entered into a Securities Purchase Agreement on October 19, 2026, to raise approximately $13.25 million. The offering included the issuance of 746,266 shares of common stock and convertible debentures totaling approximately $11.25 million. The debentures, known as Notes, are due on October 20, 2031, and bear an interest rate of 5.0% per annum, which increases by one percentage point on each anniversary of the original issue date. The Notes are convertible into either common stock or Series C Convertible Preferred Stock.
Following the acquisition, V-TEK will operate as a subsidiary of Data I/O. The company stated that the deal is expected to be accretive to operations and will expand its presence into markets including data centers, AI, photonics, industrial automation, medical devices, and aerospace and defense.
