secwatch.observer — SEC 8-K summary
======================================

Issuer:     DUOS TECHNOLOGIES GROUP, INC. (DUOT)
CIK:        0001396536
Form:       8-K
Filed at:   2024-09-23T23:59:59+00:00
Accession:  0001553350-24-000095
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Duos Technologies issues 344,644 shares at $2.61 upon warrant exercise; Series E conversion price lowered to $2.61
--------------------------------------------------------------------------------

- Issued 344,644 shares to 21 April Entities upon exercise of warrants at reduced price of $2.61/share, raising $899,520.84.
- Exercise price reduced from prior? Not stated, but blocker removed; cash proceeds of ~$900K.
- Series E Preferred conversion price reduced from $3.00 to $2.61 with consent of 66.6% of holders.
- Articles of Amendment filed with Florida to effect the Series E conversion price change.
- Shares issued in reliance on Section 4(a)(2) and Rule 506 as a private placement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1396536/000155335024000095/0001553350-24-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1396536/000155335024000095/duot_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-24-000095

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