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Duos Technologies Group Secures $40 Million in Funding and Upsizes Public Offering to $39.7 Million

Strategic Insights

— 1 min read

Duos Technologies Group, a provider of adaptive Edge Data Center solutions, has successfully priced its upsized underwritten public offering, securing $40 million in expected cash on hand to fulfill its $50 million revenue pipeline and advance the deployment of 65 Edge Data Centers. The offering included primary participation from fundamental institutional investors, including a leading long-only mutual fund, several preeminent global investment managers, and existing investors. The Company has now achieved full capitalization to execute on its business strategy and accelerate the commercialization of its Edge Data Center business.

Key Takeaways:

  • Duos Technologies Group secured $40 million in expected cash on hand to fulfill its $50 million revenue pipeline.
  • The Company has upsized its public offering to $39.7 million, with a public offering price of $6.00 per share.
  • The net proceeds from the offering will be used to expand, accelerate, and further commercialize the Company's Edge Data Center business.
  • The Company's $50 million revenue pipeline will be executed upon with the secured funding.
  • Titan Partners Group acted as the sole bookrunner for the offering.
  • The offering is expected to close on August 1, 2025, subject to customary closing conditions.
  • Duos Technologies Group will utilize the funding to advance to Stage 2 of its EDC strategy, which includes the development and deployment of 65 edge data centers.

Statistics:

  • $40 million: expected cash on hand
  • $50 million: revenue pipeline
  • $39.7 million: upsized public offering
  • $6.00: public offering price per share
  • 6,666,667: number of shares sold in the public offering
  • 838,851: additional shares optioned to underwriters to cover over-allotments
  • June 12, 2023: date of Shelf Registration Statement on File No. 333-272603
  • June 21, 2023: date of effective registration statement on File No. 333-272603
  • July 30, 2025: date of announcement and pricing of the public offering
  • August 1, 2025: expected closing date of the public offering
  • 65: number of Edge Data Centers to be developed and deployed as part of Stage 2

Sources:

  • GlobeNewswire July 30, 2025 - 10:10:57 AM GMT - Duos Technologies Group, Inc. and its wholly owned subsidiaries
  • Duos Technologies Group, Inc.'s website:

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