Duos Technologies prices $36.9M public offering; upsized and oversubscribed

DUOS TECHNOLOGIES GROUP, INC.

Priced 6,666,667 shares at $6.00 each for gross proceeds of ~$36.9M; upsized and oversubscribed.
Net proceeds to expand Edge Data Center business, deploy 65 additional data centers, and fulfill $50M revenue pipeline.
Underwriter granted 30-day option for up to 838,851 additional shares and a warrant for 333,334 shares at $7.20.
Offering included participation from institutional investors, including a leading long-only mutual fund and existing investors.
Expected cash on hand exceeds $40M; company fully capitalized to execute Stage 2 EDC strategy.

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