other_material
confidence high
sentiment negative
materiality 0.65
Duos Technologies increases ATM capacity by $10.5M to a total of $18M
DUOS TECHNOLOGIES GROUP, INC.
- Second Amendment to ATM Sales Agreement with Ascendiant Capital Markets increases shelf capacity by $10.5M.
- Original agreement allowed up to $7.5M; now aggregate offering amount raised to $18M.
- Prospectus supplement for the additional $10.5M filed with SEC on May 28, 2025.
- Shares sold under effective shelf registration statement (333-272603) through at-the-market offering.
- Agent will use commercially reasonable efforts to sell shares based on Company instructions.
item 1.01item 9.01