Red Oak Funds Buy $1.0M of Data I/O Stock and $3.0M of Its New Convertible Debentures
DAIO is trading near its 52-week low of $2.16 (15% above the low) on light trading volume (0.1× avg).
Summary
Red Oak Funds bought 373,133 Data I/O shares at $2.68 ($1.0M) and $3.0M of the 5% convertible debentures from the $13.25M placement that helped fund the V-TEK/A&J acquisition.
Key Events · Ownership and Investor Activity · DAIO
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Red Oak Buys $1.0M of Stock
On 2026-10-20, Red Oak Fund and Red Oak Long Fund bought 373,133 shares at $2.68 for $999,996.44.
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$3.0M of Convertible Debentures
The funds also purchased $1,953,192.04 and $1,046,808 of 5% convertible debentures at 100% of principal, convertible at $2.68 into 1,119,403 shares.
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Tied to $13.25M Placement
These debentures came from the private placement announced 2026-10-19, which partly funded the $23M V-TEK and A&J Programming acquisition completed 2026-10-22.
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Future Dilution From Conversion
If converted, the 1,119,403 underlying shares would add to the share count; the debentures expire 2031-10-20 and are immediately exercisable.
Analysis · DAIO · Industrial Applications And Services
David Sandberg's Red Oak Partners put real money into Data I/O on 2026-10-20: 373,133 shares bought on the open market at $2.68 ($999,996.44), plus $3.0M of the 5% convertible debentures sold in the $13.25M private placement that funded the V-TEK and A&J Programming acquisition. With the debentures converting at $2.68 into 1,119,403 shares, Red Oak's combined exposure now stands at roughly 1.49M shares. A 10% owner buying alongside a just-closed acquisition is a meaningful vote of confidence, though the debentures add future dilution and the position reflects a financial investor's stake, not an operator's.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DAIO was trading at $2.48 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $25.4M. The 52-week trading range was $2.16 to $4.49. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.