Duos closes over-allotment, raises additional $4.7M from August offering

DUOS TECHNOLOGIES GROUP, INC.

Underwriter exercised over-allotment in full for 838,851 shares at $6.00 per share.
Net proceeds from the over-allotment are approximately $4.7 million.
Company issued an additional warrant to purchase 41,942 shares to the underwriter.
Combined with the original offering, total net proceeds are ~$41.6 million.

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