secwatch.observer — SEC 8-K summary
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Issuer:     DUOS TECHNOLOGIES GROUP, INC. (DUOT)
CIK:        0001396536
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001553350-22-000849
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1396536/000155335022000849/0001553350-22-000849-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1396536/000155335022000849/duot_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-22-000849

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer