Duos Technologies sells rail unit to related party for note plus cash, exits rail industry

DUOS TECHNOLOGIES GROUP, INC.

Completed sale of Duos Technologies, Inc. (DTI) to Sandbank Acosta, LLC on Aug 5, 2026, effective June 30, 2026.
Consideration: seller note of $5,435,403 at 5% interest, due Aug 5, 2031, plus $3.5M cash funded pre-close.
Related party: Adrian Goldfarb (interim CFO) owns 50% of purchaser; Board approved with independent fairness opinion.
DTI now operates as DuosTI under President Javier Acosta; results reported as discontinued operations.
Exit completes strategic shift to Edge Data Center and AI infrastructure via Duos Edge AI and Duos Technology Solutions.

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