Corporate ActionJun 17, 2026, 04:52 PM
Duos Technologies Group Prices $55M Direct Offering
AI Summary
Duos Technologies Group, Inc. has announced a registered direct offering of approximately $55 million in common stock and pre-funded warrants. The offering, priced at $9.50 per share or warrant, is intended to raise capital for the expansion and commercialization of its Edge Data Center business, as well as for general corporate purposes. The transaction is expected to close on June 18, 2026, with TD Cowen and Cantor serving as bookrunners.
Key Highlights
- Duos Technologies Group, Inc. announced a registered direct offering of 2,000,000 shares of common stock and 3,800,000 pre-funded warrants.
- The offering is priced at $9.50 per share or warrant, aiming for total gross proceeds of approximately $55 million.
- Proceeds will be used to expand and commercialize the Edge Data Center business, and for working capital.
- TD Cowen acted as lead bookrunner, and Cantor acted as joint bookrunner for the transaction.
- The offering is expected to close on June 18, 2026, and was made pursuant to an effective shelf registration statement.
Price Impact
More from DUOT