Duos Technologies raises $551,001 in private placement of common and Series D preferred stock

DUOS TECHNOLOGIES GROUP, INC.

Sold 83,667 common shares at $3.00/share and 300 Series D preferred shares at $1,000/share.
Gross proceeds of $551,001; Northland Securities acted as placement agent with up to 7% fee.
Registration rights agreement requires filing resale registration statement within 90 days.
Shareholder approval required before conversion of Series D preferred stock to common stock.
Transaction similar to prior Sept. 30, 2022 private placement.

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 Securities Purchase Agreement with an existing investor in the Company and two other accredited investors valued at aggregate proceeds of $551,001 (effective 2022-10-29).

Action: entry
Agreement: equity purchase
Counterparty: an existing investor in the Company and two other accredited investors
Value: aggregate proceeds of $551,001
Effective: 2022-10-29

Exact text from the filing

On October 29, 2022, Duos Technologies Group, Inc. (the “ Company ” ) entered into a Securities Purchase Agreement (the “ Purchase Agreement ” ) with an existing investor in the Company and two other accredited investors (collectively, the “ Purchasers”).

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283 material agreements filed in the last 30 days. Browse all material agreements →

DUOS TECHNOLOGIES GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001553350-22-000849

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