Duos issues additional Series D Preferred for $250K in private placement

DUOS TECHNOLOGIES GROUP, INC.

On April 3, 2024, Duos sold 250 shares of Series D Convertible Preferred Stock at $1,000/share for $250K proceeds.
Proceeds from unregistered private placement to an accredited investor under Section 4(a)(2)/Reg D.
Also entered Registration Rights Agreement requiring resale registration filing within 90-120 days.
This follows prior Series D issuances of 500 shares on March 22 and 120 on March 28, 2024.

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 April Registration Rights Agreement with an accredited investor (effective 2024-04-03).

Action: entry
Counterparty: an accredited investor
Effective: 2024-04-03

Exact text from the filing

In connection with the April Purchase Agreement, the Company also entered into a Registration Rights Agreement (the “April Registration Rights Agreement”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DUOS TECHNOLOGIES GROUP, INC. entered into April Purchase Agreement with an accredited investor valued at $250,000 (effective 2024-04-03).

Action: entry
Agreement: equity purchase
Counterparty: an accredited investor
Value: $250,000
Effective: 2024-04-03

Exact text from the filing

On April 3, 2024, the Company entered into a Securities Purchase Agreement (the “April Purchase Agreement”) with an accredited investor, pursuant to which the Company issued a further 250 shares of Series D Preferred Stock and received proceeds of $250,000.

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DUOS TECHNOLOGIES GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001553350-24-000009

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