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Stock impact report

Duos Technologies Group, Inc. Announces Pricing of $65 Million Public Offering of Common Stock [Yahoo! Finance]

Duos Technologies Group, Inc. (DUOT) 
NASDAQ:AMEX Investor Relations: ir.duostechnologies.com
Company Research Source: Yahoo! Finance
the “Company”) (Nasdaq: DUOT), a leading provider of adaptive, modular, and scalable Edge Data Center (“EDC”) solutions, today announced the pricing of its underwritten public offering of 8,666,666 shares of its common stock for total gross proceeds of approximately $65 million, before deducting underwriting discounts, commissions, and offering expenses. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,299,999 shares to cover over-allotments at the public offering price. The offering is expected to close on or about March 2, 2026, subject to customary closing conditions. The net proceeds from the offering will be used to expand, accelerate, and further commercialize the Company's Edge Data Center business and for working capital and general corporate purposes. Titan Partners, a division of American Capital Partners, is acting as the sole bookrunner for the offering. The offering is being made pursuant to a shelf registration Show less Read more
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