PropertyJul 20, 2026, 04:32 PM
Duos Technologies Buys Data Center for $15M + $15M Earnout
AI Summary
Duos Technologies Group, Inc. announced the acquisition of a building and related land in Columbus, Georgia, on July 14, 2026, intended for use as a data center. The company paid $15 million in cash for the property. Additionally, a Seller Contingent Earnout Note was issued, providing for potential payments of up to $15 million over a three-year term, contingent upon the achievement of specific power delivery milestones. The seller has the option to receive these milestone payments in restricted shares of the company's common stock at a fixed price of $10.50 per share.
Key Highlights
- Duos Technologies purchased a building and land in Columbus, Georgia on July 14, 2026.
- The property will be used as a data center.
- The purchase price included $15 million in cash.
- A Seller Contingent Earnout Note allows for a maximum additional payout of $15 million.
- The earnout note has a three-year term with payments tied to 5 MW power delivery milestones.
- Each of the three milestones is valued at $5 million.
- Seller can opt to receive milestone payments in restricted common stock at $10.50 per share.
Price Impact
More from DUOT