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Data I/O Announces Closing of $9 Million Investment
GlobeNewswire Inc.·
Data I/O Corporation announced the closing of a $9 million securities purchase agreement with two institutional investors. The financing includes 869,840 shares of common stock, $6.8 million in convertible debentures at 4% interest, and warrants to purchase 1.08 million shares at $3.00 per share. The company plans to use proceeds for working capital, general corporate purposes, and potential strategic acquisitions.
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