secwatch.observer — SEC 8-K summary
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Issuer:     DUOS TECHNOLOGIES GROUP, INC. (DUOT)
CIK:        0001396536
Form:       8-K
Filed at:   2023-03-29T23:59:59+00:00
Accession:  0001553350-23-000210
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Duos Technologies raises $4M via Series E Convertible Preferred Stock at $1,000/share, conversion price $3.00
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- Issued 4,000 shares of Series E Convertible Preferred Stock to existing investors for $4M aggregate proceeds.
- Each share has stated value $1,000, convertible into common stock at $3.00 per share, subject to adjustment.
- Conversion limited to 19.99% beneficial ownership; purchasers elected 19.99% limitation.
- Company must hold shareholder meeting within 120 days to approve issuance of shares exceeding 19.99% of outstanding.
- Series E Preferred Stock carries 333 votes per share, no separate dividend, participates in common dividends on as-converted basis.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1396536/000155335023000210/0001553350-23-000210-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1396536/000155335023000210/duot_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-23-000210

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