Duos Technologies Group, Inc. Announces Pricing of $65 Million Public Offering of Common Stock

Core Viewpoint - Duos Technologies Group, Inc. has announced a public offering of 8,666,666 shares of common stock, aiming to raise approximately $65 million in gross proceeds to support the expansion and commercialization of its Edge Data Center business [1][2]. Group 1: Offering Details - The public offering consists of 8,666,666 shares priced to generate about $65 million in gross proceeds, excluding underwriting discounts and expenses [1]. - Underwriters have a 30-day option to purchase an additional 1,299,999 shares to cover over-allotments at the public offering price [1]. - The offering is expected to close on or about March 2, 2026, pending customary closing conditions [1]. Group 2: Use of Proceeds - Net proceeds from the offering will be allocated to expand and accelerate the Edge Data Center business, as well as for working capital and general corporate purposes [2]. Group 3: Regulatory Information - The offering is made under a shelf registration statement on Form S-3, which was filed with the SEC on February 11, 2026, and declared effective on February 12, 2026 [3]. - A preliminary prospectus supplement and accompanying prospectus have been filed with the SEC and are available on their website [3]. Group 4: Company Overview - Duos Technologies Group, Inc. is based in Jacksonville, Florida, and specializes in intelligent technology solutions for Machine Vision and AI applications, including Edge Data Centers [5].