Duos Technologies enters $7.5M ATM equity offering with Ascendiant Capital Markets

DUOS TECHNOLOGIES GROUP, INC.

Entered ATM Sales Agreement with Ascendiant Capital Markets to sell up to $7.5M of common stock.
Offering made via prospectus supplement to effective shelf registration S-3 (No. 333-272603).
Sales will be at market prices subject to company instructions; agreement dated May 17, 2024.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DUOS TECHNOLOGIES GROUP, INC. entered into Sales Agreement with Ascendiant Capital Markets, LLC valued at up to $7,500,000 (effective 2024-05-17).

Action: entry
Agreement: atm program
Counterparty: Ascendiant Capital Markets, LLC
Value: up to $7,500,000
Effective: 2024-05-17

Exact text from the filing

On May 17, 2024, Duos Technologies Group, Inc. (the “Company”) entered into an At-the-Market Issuance Sales Agreement (the “Sales Agreement”) with Ascendiant Capital Markets, LLC, as sales agent (the “Agent”) to sell shares of its common stock, par value $0.001 (the “Common Stock”), having an aggregate offering price of up to $7,500,000

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DUOS TECHNOLOGIES GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001079973-24-000781

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