DUOT News & Events

Duos Technologies Group announced an underwritten registered direct offering of 2,000,000 shares of common stock and 3,800,000 pre-funded warrants at a price of $9.50 per share or warrant for total gross proceeds of approximately $55M, before deducting underwriting discounts, commissions, and offering expenses. The registered direct offering was completed by a single large institutional investor, to support the company's continued growth plans. 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. TD Cowen acted as lead bookrunner on the transaction. Cantor acted as joint bookrunner on the transaction.

Duos Technologies announced the receipt of proceeds from the sale of substantially all the assets of New APR Energy. As previously disclosed, Duos owns a 5% non-voting ownership interest in Sawgrass APR Holdings, the ultimate parent company of New APR. On May 26, substantially all of the assets of New APR were sold to a third party. As a result of the transaction, Duos received approximately $50.4M related to its ownership interest. An additional amount of approximately $9.9M was retained in escrow in connection with the company's pro rata portion of any indemnity and other similar obligations that may be owed to the purchaser under the asset purchase agreement. Any such funds remaining in escrow after 12 months will be distributed to the company.

Reports Q4 revenue $9.46M vs $1.46M last year. "2025 marked a pivotal year for Duos as we scaled our platform and firmly positioned the Company at the intersection of AI compute and edge infrastructure," said president Doug Recker. "With a $65 million capital raise, the launch of our GPU-as-a-Service offering, and the deployment of high-density infrastructure supporting hyperscale workloads, we are addressing a clear and growing shortage of power and compute capacity across the market. Demand continues to accelerate from enterprises, neo-cloud, and hyperscale customers, particularly for megawatt-scale solutions, and we are focused on expanding our high-density footprint, increasing recurring revenue, and executing on a pipeline of opportunities that we believe will drive meaningful growth and long-term shareholder value."