Red Oak Partners reports acquisition of $999,996.44 in Data I/O common shares
DAIO•Red Oak funds acquired 373,133 Data I/O common shares for $999,996.44, paying $2.68 per share. They also bought $3 million in 5% convertible debentures due October 20, 2031.
1. Share and debt purchases
Red Oak funds acquired 373,133 Data I/O common shares at $2.68 each, according to a beneficial ownership filing. The funds also purchased $3 million of 5% convertible debentures, convertible into 1,119,403 common shares at $2.68 per share and maturing on October 20, 2031. David Sandberg is among the reporting beneficial owners listed as 10% owners.




