DivestmentAug 11, 2026, 04:36 PM
Duos Technologies Completes Divestment of Rail Business
AI Summary
Duos Technologies Group, Inc. has completed the sale of its wholly-owned subsidiary, Duos Technologies, Inc. (DTI), to Sandbank Acosta, LLC, effective June 30, 2026. This divestment marks the company's exit from the rail technology industry, allowing it to focus entirely on its edge data center and AI infrastructure businesses. The transaction involved DTI issuing a $5,435,403 promissory note to Duos Technologies Group and a prior cash contribution of $3,500,000 to DTI, with the buyer being a related party.
Key Highlights
- Completed sale of wholly-owned subsidiary Duos Technologies, Inc. (DTI).
- DTI, the legacy rail technology business, was sold to Sandbank Acosta, LLC.
- Duos Technologies Group received a $5,435,403 promissory note from DTI.
- Duos Technologies Group funded $3,500,000 cash into DTI prior to closing.
- The divestment is a related party transaction involving Interim CFO Adrian Goldfarb.
- Duos Technologies Group exits the rail industry to focus on edge data centers.
- Transition services and employee leasing will be provided to DTI until December 31, 2026.
Price Impact
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