Data I/O agrees to acquire V-TEK and A&J Programming for about $23 million
Bitget2026/10/19 12:40- Data I/O signed a definitive agreement to acquire V-TEK and A&J Programming for approximately $23 million in cash and common stock.
- V-TEK manufactures semiconductor handling and packaging equipment; A&J Programming provides device programming services.
- Stock consideration totals approximately $3 million, representing about 1,120,000 common shares.
- Funding will also include cash on hand and proceeds from a proposed $13.25 million securities offering.
- The acquisition is expected to close this week, subject to customary closing conditions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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