Corporate ActionJun 17, 2026, 08:46 AM
Duos Technologies Raises $55M in Direct Offering
AI Summary
Duos Technologies Group, Inc. announced an underwritten registered direct offering, raising approximately $55 million in gross proceeds. The offering included 2,000,000 shares of common stock and 3,800,000 pre-funded warrants, priced at $9.50 per share or warrant. A single large institutional investor completed the offering, with proceeds earmarked for expanding and commercializing the Company's Edge Data Center business, as well as for working capital and general corporate purposes.
Key Highlights
- Duos Technologies raised approximately $55 million in gross proceeds.
- The offering included 2,000,000 shares of common stock.
- It also included 3,800,000 pre-funded warrants.
- Shares and warrants were priced at $9.50 each.
- Proceeds will fund Edge Data Center business expansion and working capital.
- TD Cowen acted as lead bookrunner for the transaction.
Price Impact
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