Duos Technologies Group, Inc. Announces Closing of $65 Million Public Offering of Common Stock

Rhea-AI Summary

Duos Technologies (NASDAQ: DUOT) closed an underwritten public offering of 8,666,666 shares for gross proceeds of approximately $65 million, with the closing on March 2, 2026.

The financing included participation from several large existing institutional shareholders and new institutional investors, and the company said net proceeds will support expansion and commercialization of its Edge Data Center business, working capital, and pursuit of an approximately $200 million NVIDIA GPU hosting LOI with Hydra Host. Doug Recker will become CEO effective April 1, 2026.

Positive

• $65M gross proceeds from the public offering
• Participation by existing and new institutional investors
• Financing to pursue an ~$200M NVIDIA GPU hosting LOI with Hydra Host
• New CEO Doug Recker effective April 1, 2026

Negative

• Issued 8,666,666 new shares, creating potential shareholder dilution
• Use of net proceeds includes general corporate purposes without full earmark detail

Key Figures

Gross proceeds: $65 million Shares offered: 8,666,666 shares Offering price: $7.50 per share +5 more

8 metrics

Gross proceeds $65 million Underwritten public offering of common stock closed March 2, 2026

Shares offered 8,666,666 shares Common stock issued in March 2, 2026 offering

Offering price $7.50 per share Price per share in March 2, 2026 offering (424B5/8-K)

Modeled proceeds $60,449,995 Gross proceeds before expenses, assuming no over-allotment (424B5)

Over-allotment option 1,299,999 shares 30-day underwriter option for additional common stock

Underwriter warrants 433,334 shares at $9.00 Warrants exercisable for five years from offering (8-K/424B5)

Shelf capacity $250,000,000 Maximum aggregate amount under Form S-3 shelf filed Feb 11, 2026

GPU hosting LOI ≈$200 million NVIDIA GPU hosting letter of intent with Hydra Host

Market Reality Check

Price: $7.61 Vol: Volume 982,138 is 2.69x t...

high vol

$7.61 Last Close

Volume Volume 982,138 is 2.69x the 20-day average of 364,593 shares. high

Technical Shares at $7.61, trading below the 200-day MA of $8.45 and 37.47% under the 52-week high.

Peers on Argus

Momentum scanner shows mixed moves among peers (e.g., MAPS up 1.94%, DHX down 7....

1 Up 1 Down

Momentum scanner shows mixed moves among peers (e.g., MAPS up 1.94%, DHX down 7.33%) with no clear sector-wide pattern, supporting a stock-specific context for DUOT.

Previous Offering Reports

4 past events · Latest: Feb 26 (Negative)

Same Type Pattern 4 events

Date	Event	Sentiment	Move	Catalyst
Feb 26	Offering priced	Negative	-14.1%	Pricing of $65M stock offering with 8.67M shares and overallotment option.
Feb 26	Offering proposed	Negative	-14.1%	Announcement of proposed equity offering to fund Edge Data Center expansion.
Jul 30	Upsized offering priced	Negative	-10.1%	Pricing of $40M upsized public offering at $6.00 per share with option.
Jul 30	Offering proposed	Negative	-10.1%	Proposed common stock offering to fund 65+ Edge Data Centers buildout.

Pattern Detected

Offering-related headlines have consistently coincided with double-digit share-price declines, indicating a historically negative market response to equity raises.

Recent Company History

Recent history shows Duos repeatedly accessing equity markets under its shelf while funding Edge Data Center expansion. Prior offerings on July 30, 2025 and February 26, 2026 each involved common stock raises with modeled use of proceeds for EDC growth. Those events saw share-price moves around -10% to -14%. Today’s closing announcement completes the previously priced $65 million deal, tying directly to this ongoing capital-raising pattern.

Historical Comparison

-12.1% avg move · Past offering-related headlines for DUOT averaged a -12.1% move, showing a consistently negative mar...

offering

-12.1%

Average Historical Move offering

Past offering-related headlines for DUOT averaged a -12.1% move, showing a consistently negative market reaction to equity raises funding Edge Data Center growth.

Over multiple cycles, Duos has used shelf-based common stock offerings to fund successive stages of its Edge Data Center rollout and related GPU infrastructure initiatives.

Regulatory & Risk Context

Active S-3 Shelf · $250,000,000

Shelf Active

Active S-3 Shelf Registration 2026-02-11

$250,000,000 registered capacity

An effective Form S-3 shelf filed on 2026-02-11 allows Duos to issue up to $250,000,000 in securities. This offering used that shelf via two 424B5 takedowns dated 2026-02-26 and 2026-03-02, indicating active utilization of pre-authorized capital-raising capacity.

Market Pulse Summary

This announcement closes a $65 million underwritten offering of 8,666,666 shares, priced at $7.50 an...

Analysis

This announcement closes a $65 million underwritten offering of 8,666,666 shares, priced at $7.50 and supported by a $250,000,000 Form S-3 shelf. Proceeds are earmarked for Edge Data Center expansion and general purposes, tied to an ≈$200 million NVIDIA GPU hosting LOI. Historically, similar offering headlines averaged moves of about -12.1%, so investors may watch execution milestones and any further shelf takedowns closely.

Key Terms

underwritten public offering, edge data center, shelf registration statement, form s-3, +2 more

6 terms

underwritten public offering financial

"announced it has closed its underwritten public offering of 8,666,666 shares"

An underwritten public offering is when a company sells new shares of its stock to the public with the help of a financial firm, called an underwriter. The underwriter agrees to buy all the shares upfront, reducing the company's risk, and then sells them to investors. This process helps companies raise money quickly and confidently from a wide range of buyers.

edge data center technical

"a leading provider of adaptive, modular, and scalable Edge Data Center"

An edge data center is a small, local facility that stores and processes digital information close to where it is created or used — like a neighborhood warehouse for internet traffic instead of a central city depot. Because it cuts the delay between devices and servers, it matters to investors as a way companies improve performance for real‑time services (streaming, connected devices, 5G) while potentially lowering network costs and unlocking new revenue streams.

shelf registration statement regulatory

"pursuant to a shelf registration statement on Form S-3 (File No. 333-293372)"

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

form s-3 regulatory

"shelf registration statement on Form S-3 (File No. 333-293372)"

Form S-3 is a legal document companies use to register their stock sales with the government, making it easier and faster for them to raise money by selling shares to investors. It’s like having a pre-approved shopping list that lets a company quickly sell new shares when they need funds, without going through a lengthy approval process each time.

prospectus supplement regulatory

"by means of a preliminary prospectus supplement and a final prospectus supplement"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

base prospectus regulatory

"final prospectus supplement and the accompanying base prospectus relating to the offering"

A base prospectus is a detailed document that provides essential information about a financial offering, such as a bond or share issue. It acts like a comprehensive guide for investors, explaining what the investment involves, the risks involved, and how the process works. This helps investors make informed decisions before committing their money.

AI-generated analysis. Not financial advice.

The offering was led by several of the company’s largest existing shareholders alongside new institutional investors

The financing positions the company to capitalize on ~$200M NVIDIA GPU hosting LOI with Hydra Host under new CEO, Doug Recker

JACKSONVILLE, Fla., March 03, 2026 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), a leading provider of adaptive, modular, and scalable Edge Data Center (“EDC”) solutions, today announced it has closed its underwritten public offering of 8,666,666 shares of common stock for total gross proceeds of approximately $65 million, before deducting underwriting discounts, commissions, and offering expenses. The offering included participation from several of the Company’s largest existing institutional shareholders alongside new institutional investors. The financing positions the Company to capitalize on its approximately $200 million NVIDIA GPU hosting letter of intent with Hydra Host under the leadership of Doug Recker, who will become Chief Executive Officer effective April 1, 2026. The closing of the offering occurred on March 2, 2026.

“This financing represents a strong vote of confidence from both new and existing investors, as well as our new strategic partner Hydra Host, in Duos’ leadership, strategy and growth trajectory,” said Mr. Recker. “With this capital now secured, we can pursue our $200 million LOI, while accelerating the commercialization of our high-power EDC business model. We are expanding our Edge AI platform, advancing hyperscaler-aligned AI infrastructure initiatives, and positioning the Company to scale toward our 2026 objectives. Demand for distributed AI compute and GPU capacity continues to build, and we believe Duos is strategically positioned to convert that demand into sustained revenue growth and long-term shareholder value.”

The net proceeds from the offering will be used to expand, accelerate, and further commercialize the Company’s Edge Data Center business and for working capital and general corporate purposes.

Titan Partners, a division of American Capital Partners, acted as the sole bookrunner for the offering. The public offering was made pursuant to a shelf registration statement on Form S-3 (File No. 333-293372) filed with the Securities and Exchange Commission (“SEC”) on February 11, 2026, and declared effective by the SEC on February 12, 2026. The public offering was made only by means of a preliminary prospectus supplement and a final prospectus supplement and the accompanying base prospectus that form a part of the registration statement. Copies of the final prospectus supplement and the accompanying base prospectus relating to the offering may be accessed for free on the SEC’s website at www.sec.gov or obtained by contacting Titan Partners Group LLC, a division of American Capital Partners, LLC, 4 World Trade Center, 49th Floor, New York, NY 10007, by phone at (929) 833-1246 or by email at prospectus@titanpartnersgrp.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.        

About Duos Technologies Group, Inc.

Duos Technologies Group, Inc. (Nasdaq: DUOT), based in Jacksonville, Florida, through its wholly owned subsidiaries, Duos Technologies, Inc., Duos Edge AI, Inc., and Duos Energy Corporation, designs, develops, deploys and operates intelligent technology solutions for Machine Vision and Artificial Intelligence (“AI”) applications including real-time analysis of fast-moving vehicles, Edge Data Centers, and power consulting. For more information, visit www.duostech.com, www.duosedge.ai and www.duosenergycorp.com.

Forward-Looking Statements

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things our expectations regarding the completion, terms, size, and timing of the public offering, and with respect to granting the underwriters a 30-day option to purchase additional shares, in addition to our plans, strategies and prospects -- both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include risks and uncertainties related to completion of the public offering on the anticipated terms or at all, market conditions and the satisfaction of customary closing conditions related to the public offering and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. All forward-looking statements attributable to Duos Technologies Group, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.

Contacts
Corporate
Fei Kwong
VP, Investor Relations and Corporate Communications
Duos Technologies Group, Inc. (Nasdaq: DUOT)
+1.904.652.1625 | DUOT@duostech.com

Duos Edge AI
Media Contact
iMiller Public Relations
+1.914.315.6424 | duosedge@imillerpr.com

This press release was published by a CLEAR® Verified individual.

FAQ

How many shares did Duos Technologies (DUOT) issue in the March 2026 offering?

Duos issued 8,666,666 shares in the offering, closed March 2, 2026. According to the company, the offering generated approximately $65 million in gross proceeds before fees and expenses.

What will Duos Technologies (DUOT) use the $65 million from the offering for?

Proceeds will fund expansion and commercialization of Duos' Edge Data Center business and working capital. According to the company, funds will also help pursue an ~$200M NVIDIA GPU hosting LOI with Hydra Host.

Who led or participated in Duos Technologies' (DUOT) $65M public offering?

The offering included several of Duos' largest existing institutional shareholders and new institutional investors. According to the company, Titan Partners acted as sole bookrunner for the transaction.

When does Doug Recker become CEO of Duos Technologies (DUOT)?

Doug Recker will become Chief Executive Officer effective April 1, 2026. According to the company, his leadership aligns with plans to scale Edge AI and GPU hosting initiatives.

How does the $65M offering relate to Duos' NVIDIA GPU hosting LOI (DUOT)?

The company says the financing positions Duos to capitalize on an ~$200M NVIDIA GPU hosting LOI with Hydra Host. According to the company, the capital supports pursuing that agreement and related commercialization.

Did Duos Technologies (DUOT) file the offering with the SEC and how can investors access the prospectus?

The offering was made under a Form S-3 registration declared effective in February 2026 and used prospectus supplements. According to the company, the final prospectus is available on the SEC website or from Titan Partners.